A reverse mortgage is a loan that gives senior homeowners (62 years of age or older) the ability to
access a portion of their equity in their home and turn it into tax-free cash. Unlike traditional home loans, there are no monthly payments.
A reverse mortgage is essentially the reverse of a traditional or "forward mortgage." Instead of you paying the lender, the lender pays you. Instead of turning your income into home equity, you turn the equity in your home into income.
One of the first steps toward getting a reverse mortgage is getting a quote. It's free, and there's no obligation to proceed further. Offer a bit of information about yourself and your home, and we will estimate the amount of money you could receive.
If you're not ready for a quote, but would like to learn more about reverse mortgages, read on.