• You may use the funds in any manner you wish: to pay rising health care cost, supplement retirement income, home improvements, pay-off existing mortgage, new car, travel etc.
• You will always own your home because the title remains in your name.
• Any money you receive is tax-free. Your Social Security, Medicare, or Medicaid benefits remain intact.
• Unlike a traditional mortgage, there are no monthly payments. In fact, in many situations a reverse mortgage pays you!
• The loan fees are financed into the loan. This means you can get a reverse mortgage with little or no out-of-pocket costs.

• You must be 62 years of age or older.
• You must own your home, free and clear or have a balance that can be paid off with the reverse mortgage loan.
• You must occupy the property as your primary residence.
• There are no credit requirements.

Go to the reverse mortgage calculator!