Reverse Mortgage

A reverse mortgage converts part of your home equity into cash without requiring you to sell your home or make monthly mortgage payments. Instead of making payments to a lender, the lender makes payments to you.

The most common type is the FHA-insured Home Equity Conversion Mortgage (HECM). For homeowners with high-value properties, Jumbo (proprietary) reverse mortgages are also available, often providing access to more equity than the FHA program.

For the right situation, a reverse mortgage can eliminate your monthly mortgage payment, give you supplemental income, or set up a growing line of credit for later. If you are under 62 or prefer to keep your options flexible, a HELOC is another way to access your equity. For homeowners looking to refinance into a lower rate instead, our conventional refinance options may be worth exploring. I walk you and your family through the real numbers so nothing is a surprise.

Reverse mortgages are designed for homeowners who want to leverage the equity they have built over decades to improve their financial situation in retirement.

• Homeowners aged 62 or older who want to eliminate their monthly mortgage payment and free up cash flow
• Retirees needing supplemental income to cover healthcare, living expenses, or other costs not fully covered by Social Security or pensions
• Homeowners who want to age in place and stay in their home while accessing the equity they have built
• Those with high-value homes who may benefit from Jumbo reverse mortgage programs for greater equity access
• Financial planners who want to establish a growing line of credit as part of a comprehensive retirement strategy