Reverse Mortgage
The Lowdown on Reverse Mortgage Loans...
Why a Reverse Mortgage?
A reverse mortgage lets homeowners access the home equity they’ve built up. It can pay off your existing mortgage (if you have one) and make the remaining amount available for you to use however you choose. For seniors age 62 and older, the most common option is the Home Equity Conversion Mortgage (HECM) loan, insured by the Federal Housing Administration (FHA). In 2025, HECM fixed-rate options are showing interest rates typically in the 7%–8% range, and adjustable-rate options around 6% or higher depending on age, home value, and loan structure.
Our Reverse Mortgage Rates Are Low & Our Process is Quick & Painless
Our Reverse Mortgage Rates Are Competitive & Our Process is Quick & Painless
A reverse mortgage is a loan for homeowners age 62 or older (in most cases) that allows you to convert your home equity into cash with no monthly mortgage payments required for as long as you live in and maintain the home.
We’re here to make the reverse mortgage process much easier, with tools and expertise that guide you every step of the way — starting with our FREE Reverse Mortgage Qualifier.
We’ll help you clearly compare your reverse mortgage options so you can choose what’s best for you.
The Reverse Mortgage Loan Process
- Check Eligibility: Must be at least 62 years old and own your home, with sufficient equity.
- Counseling Session:Attend a required counseling session to understand the loan terms and conditions.
- Choose a Lender:Compare lenders that offer reverse mortgages and their terms.
- Submit Application: Complete the loan application with necessary documents, including proof of homeownership and age.
- Home Appraisal: Lender orders an appraisal to determine the home’s value.
- Loan Processing:Lender reviews your application and approves the reverse mortgage.
Benefits of the Reverse Mortgage Loan Process
- No Monthly Payments:Borrowers don’t have to make monthly mortgage payments.
- Access to Home Equity: Converts home equity into cash for retirement needs.
- Stay in Your Home:Allows you to live in your home without selling.
- Flexible Payment Options: Receive funds as a lump sum, monthly payments, or a line of credit.
- Non-Recourse Loan: You’ll never owe more than the home’s value when the loan is repaid.