A HECM Reverse Mortgage allows homeowners 62 and older* to unlock their home’s equity while continuing to live in it—without monthly mortgage payments. The funds can be received as a lump sum, monthly income, a line of credit or a mix of all three, providing financial flexibility for retirement. Since these loans are FHA-insured, borrowers and their heirs are protected, ensuring they’ll never owe more than the home’s value. Whether used for living expenses, medical care, or simply enjoying retirement, a reverse mortgage is a powerful tool to help seniors make the most of their golden years. (*There are proprietary Reverse Mortgage options for those under 62)

A Reverse Mortgage for Purchase (H4P) allows homebuyers 62 and older to buy a new home while eliminating the burden of monthly mortgage payments. By using a reverse mortgage to finance part of the purchase, buyers can increase their purchasing power, afford a home that better suits their retirement needs, and preserve more of their savings. It’s a great option for downsizing, moving closer to children and grandchildren, or even purchasing that dream home by the beach. The best part? As long as you live in the home, pay property taxes, and maintain it, you can enjoy financial freedom without traditional mortgage payments.