What Is a Reverse Mortgage?
A reverse mortgage is a program which allows flexibility and security of homeowners aged 62+ for the FHA Insured HECM (Home Equity Conversion Mortgage), or the 55+ Proprietary jumbo product, to convert a portion of your home equity that you earned, into tax free money without paying your mortgage payment. It is the recently discovered fourth leg of financial retirement planner’s “3-legged stool” which traditionally has been social security, your employer or pension plan, and any personal savings or investments.
Key Idea:
The loan is repaid when the last surviving borrower or spouse sells, moves out permanently, or passes away.
Who It’s For:
Homeowners looking for extra income, greater financial flexibility, or the ability to age comfortably in place.
Types of Reverse Mortgages:
• HECM (Home Equity Conversion Mortgage): FHA-insured
• Proprietary (Jumbo) Reverse Mortgages: For higher-value homes
“Equity → Cash Flow → Freedom.”
About Earned And Secure Reverse Mortgage Options
Convert a portion of the value of your home equity into spendable money that you earned. The home equity you have is an illiquid asset, just like any savings, retirement, pension, etc., you have that is tax free, and you can convert to cash so that you can use it. Never pay a mortgage payment and put that in your pocket: IF you live in the home as a primary residence, pay property taxes and HOI insurance and/or HOA dues, maintain your home, and keep name on title.
Financial Flexibility: Receive funds to cover medical bills, home repairs, or other needs without monthly mortgage payments.*
Tailored to Your Life: Whether it’s an unexpected expense or planning ahead, reverse mortgages can be a reliable financial tool.
Maintain Ownership: Your home remains yours, just like a traditional mortgage, as long as the loan terms are met.
*Borrower must pay property taxes, insurance, any HOA fees and maintain the property.
Use It For Unexpected Events
Medical Expenses: Access funds to cover unexpected healthcare costs.
Home Repairs: Keep your home in top shape without financial stress.
For anything else!
Request your FREE reverse mortgage guide today to learn more about:
Common reasons to get a reverse mortgage.
How much money can you get?
How to qualify.
Reverse mortgage benefits.
And much more!
Enjoy These Benefits!
Financial Flexibility: Receive funds to cover medical bills, home repairs, or other needs without monthly mortgage payments.
Tailored to Your Life: Whether it’s an unexpected expense or planning ahead, reverse mortgages can be a reliable financial tool.
Maintain Ownership: Your home remains yours, just like a traditional mortgage, as long as the loan terms are met