What Is a Reverse Mortgage Loan?

  • Specifically designed to help those 62 and older supplement their retirement
  • Doesn’t have to be repaid until you leave your home*
  • No monthly mortgage payments
  • FHA Insured
  • Receive tax-free proceeds from your reverse mortgage, and you can designate how you want to receive them

 

* You must continue to maintain your property, pay property taxes and homeowners insurance, and otherwise comply with all loan terms.