Your equity,
your options.
A reverse mortgage lets homeowners 62 and older access the equity they’ve built — without selling their home or making monthly mortgage payments. It’s a powerful retirement tool when used the right way.
How does a reverse mortgage work?
A reverse mortgage allows homeowners 62 and older to convert part of their home equity into cash without selling the home or making monthly mortgage payments. The loan is repaid when you sell the home, move out permanently, or pass away.
You still own your home — the lender places a lien on the property, similar to a traditional mortgage. But unlike a traditional mortgage, you make no monthly principal or interest payments. Interest accrues on the balance over time.
The most common type is the HECM (Home Equity Conversion Mortgage), insured by the Federal Housing Administration. Government backing provides important protections, including the non-recourse clause — neither you nor your heirs will ever owe more than the home is worth.
Why reverse mortgages
aren’t what you think.
There are a lot of misconceptions about reverse mortgages. The truth is, when used correctly, they’re a strategic financial tool that can provide security, flexibility, and peace of mind in retirement.
No Monthly Mortgage Payments
With a reverse mortgage, you make no monthly mortgage payments. The loan is repaid when the home is sold, you move out, or you pass away.
Stay in Your Home
A reverse mortgage lets you age in place. You maintain ownership of your home and can live there for as long as you wish.
Tax-Free Proceeds
Reverse mortgage proceeds are generally not considered taxable income. Consult your tax advisor for your specific situation.
Flexible Disbursement
Receive funds as a lump sum, monthly payments, a line of credit, or a combination. You choose what works best for your retirement.
Non-Recourse Protection
You or your heirs will never owe more than the home is worth at the time of sale. Federal insurance protects against deficiency.
Reverse for Purchase
Buy a new home using a reverse mortgage, eliminating the need for a traditional monthly mortgage payment in retirement.
Which reverse mortgage
is right for you?
HECM (Home Equity Conversion Mortgage)
The most common type of reverse mortgage, insured by the Federal Housing Administration (FHA). Available to homeowners 62 and older.
Reverse for Purchase
Use a reverse mortgage to buy a new primary residence without a traditional monthly mortgage payment. Combine proceeds from a home sale with reverse mortgage funds.
Proprietary Reverse Mortgage
Private lender programs for homes with higher values that exceed HECM limits. These are not FHA-insured and may have different terms.
The family that came
full circle.
One of my greatest career accomplishments involves a family that’s trusted me with every chapter of their homeownership story.
Since 2002, I’ve done purchase and refinance loans for the same couple. Over the years, that turned into helping all three of their children buy their first homes. Then in 2023, I closed a loan for their grandchild.
And just this past year, I put the original couple into a Reverse for Purchase loan — allowing them to downsize into a home that better fits their retirement needs without taking on a new monthly mortgage payment.
That’s more than two decades and three generations — a story of trust, clarity, and the full circle of life.
Questions I hear
all the time.
How old do I need to be?
For a HECM reverse mortgage, you must be at least 62 years old. If you're buying with a Reverse for Purchase, the youngest borrower must be 62 or older.
Do I still own my home?
Yes. You retain ownership of your home with a reverse mortgage. The lender places a lien on the property, but you are still the homeowner. You can sell the home at any time and keep any remaining equity.
What happens when I pass away?
When the last borrower passes away, moves out, or sells the home, the loan becomes due. Your heirs can sell the home to repay the loan, refinance it, or in some cases, purchase the home for 95% of its current value. Any remaining equity goes to your estate.
Will I owe more than my home is worth?
No. Reverse mortgages are "non-recourse" loans, meaning neither you nor your heirs will ever owe more than the home is worth at the time of sale. FHA insurance protects against this.
Can I get a reverse mortgage if I already have a mortgage?
Yes. You can use a reverse mortgage to pay off your existing mortgage and eliminate that monthly payment. The existing mortgage must be paid off as part of the reverse mortgage closing.
What are the costs?
Reverse mortgages have origination fees, mortgage insurance premiums, closing costs, and servicing fees. These can be financed into the loan. I'll provide a complete cost breakdown and video walkthrough so you understand the full picture.
Can the loan be called due?
The loan becomes due if you no longer live in the home as your primary residence, fail to pay property taxes or insurance, or don't maintain the property. As long as you meet these obligations, the loan remains in good standing.
Is a reverse mortgage
right for you?
Reverse mortgages aren’t for everyone — but for the right situation, they can be life-changing. Let me walk you through the facts with a personalized video showing exactly how a reverse mortgage would work in your specific situation.