Reverse Mortgage Facts

Facts vs. Fiction

If you are trying to decide if a reverse mortgage is right for you, it pays to be able to distinguish between the facts and the “myths” surrounding the reverse mortgage. LEARN MORE

What is a Reverse Mortgage?

According to a 2107 survey conducted by the National Council on Aging, approximately 66% of older homeowners admitted to needing more information about a reverse mortgage before deciding if it was right for them. LEARN MORE

Pros and Cons

While a reverse mortgage can help many older homeowners meet their financial needs, for others, it could have an impact on taxes and government benefits. LEARN MORE

How Does It Work?

A reverse mortgage works by allowing homeowners who are age 62 or older to borrow from their home’s equity without having to make monthly mortgage payments. Learn more about how it can work for you. LEARN MORE

Options

You have several options when it comes to how the funds from your reverse mortgage are distributed to you. LEARN MORE

Strategies

Clear, useful explanations of the specific ways with which you can make a reverse mortgage work for your situations. LEARN MORE