What is a reverse mortgage?
You’ve invested years in your home, now discover the rewards! A reverse mortgage is a type of home equity loan for senior homeowners that may allow you to convert some of the equity in your home into cash while you retain homeownership. Instead of making monthly mortgage payments like a traditional home loan, Reverse Mortgages are paid back in one lump sum when the borrower no longer resides in the home1.
A refinance or Reverse Mortgage for purchase is often decided upon with input from family members and financial professionals, such as a CPA or Attorney, to ensure that if fits your current and future financial plans. Our loan officers specializing in Reverse Mortgages understand the importance of working with everyone involved in the process and are dedicated to helping you make the right decisions for your specific goals.