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Are You a Good Candidate for a Reverse Mortgage?
Retirement Planning, Reverse Mortgage Facts

Are You a Good Candidate for a Reverse Mortgage?

A reverse mortgage loan can be a fantastic financial tool for homeowners age 62 and older. It can help you or a loved one live a more comfortable retirement, freeing up cash that can be put toward other debt such as medical expenses, or to simply have an accessible source of funds when you need them. Overall, it can be a smart means to supplement retirement income — for the right candidate.

Reverse mortgages are not only for those in need of cash. But while there’s no standard applicant for a reverse mortgage, there are certain qualities that ideal borrowers have in common:

You’re not planning on relocating soon. Typical terms of a reverse mortgage loan require you to keep the home as your primary residence. So, if you’re planning to stay put for the next few years, refinancing with a reverse mortgage can be a great way to reduce your monthly payments. On the other hand, if you’re eyeing a home in a warmer climate or a property that’s closer to far-flung family, a Reverse Mortgage for Purchase may be a more suitable option.

You’re health-conscious. True, a reverse mortgage loan can be a great tool for helping to pay down medical expenses. But to keep your loan in good standing, you want to make sure you’re healthy enough to live in your home since it must be your primary residence, as noted above. The good news? Temporary stays at a hospital, skilled nursing facility, in-patient rehabilitation or other healthcare facility for less than 12 months will not trigger repayment.

You’ve planned for ongoing maintenance costs. From property taxes to homeowner’s insurance and home repairs, failure to keep current with these payments can result in defaulting on your loan. Borrowers should have a plan for how to manage the associated costs of the loan. Often, a reverse mortgage lowers the borrower’s monthly expenses, which can help offset the cost of the loan itself.

Your family prefers to see you enjoy a comfortable retirement. If leaving equity to your heirs isn’t a priority, a reverse mortgage is ideal for tapping into the equity you’ve worked so hard to build. The right loan can provide the funds to “right size” into a more comfortable home, or to stay put and be able to make modifications to safely age in place in your existing home.

Tap into funds that are yours for the taking

Not sure if a reverse mortgage is right for you? Talk to an experienced loan specialist from

Reverse Mortgage Funding at 888-277-1567. We’ll set up a convenient in-person appointment with a specialist from your area to find out if a reverse mortgage loan is a wise choice for a more satisfying retirement.

This content is sponsored by RMF, one of the nation’s leading reverse mortgage lenders. We are dedicated to helping older Americans retire more freely, in the comfort of their own homes. As a result of our commitment to providing an extraordinary and positive customer experience, we have earned a 98% customer satisfaction rating; an ”Excellent” rating on Trustpilot; 4.8 out of 5 stars on LendingTree; and an A+ rating with the Better Business Bureau. Call 888-277-1567 to speak with a licensed reverse mortgage specialist to learn about our retirement financing products and solutions.


If you have equity in your home and believe you meet the eligibility requirements, a HECM may be the option that could help you retire smart.

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