top of page

Reverse Mortgage Solutions

A strategic way for those nearing retirement to access home equity and strengthen their long-term financial plan.

What Is A Reverse Mortgage?

Who Can Benefit from a Reverse Mortgage?

✅ Homeowners looking to age in place with greater financial security


✅ Retirees needing extra income or access to tax-free funds


✅ Those with significant home equity who want a flexible safety net


✅ Families planning for long-term care or medical expenses


✅ Financial professionals helping clients integrate home equity into a retirement strategy

FAQs

What is a Reverse Mortgage?

A reverse mortgage is a loan designed for homeowners 62 and older that allows them to access their home equity without monthly mortgage payments. The loan is repaid when the borrower sells the home, moves out permanently, or passes away.

Will I still own my home?

Yes! You retain ownership of your home as long as you meet the loan requirements, such as living in the home and paying property-related expenses.

How is a reverse mortgage different from a traditional mortgage?

Unlike a traditional mortgage, where you make monthly payments to a lender, a reverse mortgage pays you—either as a lump sum, a line of credit, or monthly installments. You continue to own your home and must keep up with property taxes, homeowners insurance, and maintenance.

How much money can I receive?

The loan amount is based on: ✔ Your age (older borrowers may qualify for more) ✔ Your home’s value (FHA limits at $1,149,825; jumbo reverse loans up to $5M) ✔ Current interest rates ✔ How much equity you have

Who is eligible for a reverse mortgage?

Generally to qualify, you must: ✔ Be 62 years or older ✔ Own your home outright or have significant equity ✔ Live in the home as your primary residence ✔ Keep up with property taxes, homeowners insurance, and any HOA fees

When does the loan need to be repaid?

The loan becomes due when you: ✔ Sell the home ✔ Move out permanently ✔ Pass away (heirs have options to repay or sell the home)

What happens if my home’s value drops?

Reverse mortgages are non-recourse loans, meaning you (or your heirs) will never owe more than the home’s market value—even if property values decline. FHA-insured HECMs and most proprietary reverse mortgages protect borrowers from owing more than the home is worth.

What is the new Second-Lien Reverse Mortgage?

This innovative option functions like a reverse HELOC, allowing homeowners with a low-interest first mortgage to access home equity without refinancing. Perfect for those who want extra liquidity without replacing their current mortgage.

Can my heirs keep my home after I pass away?

Yes. Heirs have three options: ✔ Pay off the loan balance and keep the home ✔ Sell the home to repay the loan and keep any remaining equity ✔ Walk away (if the home is worth less than the loan, the lender absorbs the difference)

How do I know if a reverse mortgage is right for me?

Reverse mortgages are a powerful financial tool for retirees looking to: ✔ Increase monthly cash flow ✔ Eliminate mortgage payments ✔ Fund home renovations, medical care, or lifestyle needs Every situation is unique. Let’s discuss whether a reverse mortgage aligns with your financial goals.

Can I leave my home to my children if I have a reverse mortgage?

Yes. However, your heirs will need to pay off the loan balance—either by refinancing or selling the home. If they choose to sell, they keep any remaining equity after the loan is repaid.

What if a reverse mortgage isn’t right for me?

A reverse mortgage is a powerful financial tool, but it’s not the only option. Alternatives may include: ✔ A home equity loan or HELOC (requires monthly payments) ✔ Selling and downsizing ✔ Exploring the Second-Lien Reverse Mortgage (keeps your first mortgage intact) Not sure what’s best for your situation? Let’s explore your options together.

Will my heirs be responsible for the loan?

No. Reverse mortgages are non-recourse loans, meaning heirs will never owe more than the home’s value. They can sell the home, refinance the loan, or walk away without personal liability.

Are there tax implications with a reverse mortgage?

The funds you receive from a reverse mortgage are not taxable income because they are considered loan proceeds, not earnings. However, it’s always wise to consult a tax professional to see how it fits into your financial plan.

Do I still have to pay property expenses?

Yes. You must continue to pay: ✔ Property taxes ✔ Homeowners insurance ✔ HOA fees (if applicable) ✔ Basic home maintenance Failure to keep up with these could result in loan default.

Will taking out a reverse mortgage affect my credit score?

No. Since you’re not required to make monthly payments, reverse mortgages do not impact your credit score. However, if you fail to pay property taxes or homeowners insurance, it could lead to foreclosure, which would hurt your credit.

How can I receive my reverse mortgage funds?

You can choose from: Lump Sum – One-time payment (fixed-rate option) Line of Credit – Access funds as needed (grows over time) Monthly Payments – Steady income stream Combination – Mix of options tailored to your needs

Can I outlive my reverse mortgage?

No. As long as you live in your home, maintain it, and keep up with property taxes and insurance, your loan will never be called due. The loan balance increases over time, but you won’t be forced to leave because of it.

Is This the Right Mortgage for You?

Every financial situation is unique. I take a holistic, strategic approach to help you make the best decision for your future.

Want to explore your options? Let’s find the right strategy for your financial goals.
 

Are you a financial professional? I work with advisors, estate planners, and insurance professionals to help clients optimize their home equity.

Subscribe to Our Newsletter

Thanks for submitting!

bottom of page