What is a Reverse Mortgage?
A reverse mortgage (also known as a Home Equity Conversion Mortgage, or HECM) allows homeowners aged 62 and older to convert a portion of their home equity into tax-free funds — without selling their home or making monthly mortgage payments.
The loan is repaid when the borrower sells the home, moves out, or passes away. In the meantime, you retain ownership of your home and can use the funds however you choose.
Reverse Mortgage Benefits
No Monthly Mortgage Payments
Eliminate your monthly mortgage payment and improve your monthly cash flow in retirement.
Tax-Free Funds
Proceeds from a reverse mortgage are generally not considered taxable income.
Stay in Your Home
Continue living in and owning your home for as long as you wish.
Flexible Payout Options
Receive funds as a lump sum, monthly payments, a line of credit, or a combination.
Is a Reverse Mortgage Right for You?
A reverse mortgage can be a powerful retirement planning tool for the right homeowner. Brian will walk you through the eligibility requirements, costs, and long-term implications to help you make a fully informed decision.