Discover the Truth about Reverse Mortgages

You may have seen popular misconceptions about reverse mortgages on TV or in the news, but do you really know the facts? We've created a guide to help you learn the truth about reverse mortgages and discover flexible financing options to meet your needs and goals in retirement. 

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5 Reverse Mortgage Myths: The Facts

The bank will own my home.
FACT: Just like any mortgage or home equity loan, you continue to own your home, with your name on the title. Of course, you must meet your loan obligations: keeping current with property taxes, homeowners insurance and maintenance.
Reverse mortgages take advantage of retirees.
FACT: Reverse mortgages are specifically designed to help older homeowners. The industry is also highly regulated: Any lender offering reverse mortgages must follow strict state and federal guidelines and regulations that are in place to protect borrowers.
I won’t qualify because I have an existing mortgage.
FACT: Proceeds from your reverse mortgage would first be used to pay off any existing mortgage(s). Speak with us today to find out if you are eligible.
I won’t be able to leave my home to my heirs.
FACT: Your heirs will still inherit your home, but they will have to pay back the loan balance if they want to keep the home. Or, they can sell the home to repay the loan. Once it’s repaid, they receive any remaining equity—just like a traditional mortgage or home equity loan.
A reverse mortgage is a loan of last resort.
FACT: Many savvy homeowners use a reverse mortgage strategically—for example, as a safety net in case of emergencies. There have been a number of product advances that have made reverse mortgages more attractive in retirement planning. Today, financial advisors are also increasingly viewing them as an important option to be considered.


Complete the Form to Get Your Free Information Kit

Retire More Freely

By clicking "GET MY INFORMATION KIT", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-298-0611 to complete your request. You understand that you can revoke this consent at any time.

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Meet Our Customers


Pam, Retired Business Owner

RMF Customer Since 2016

"People think that the bank takes your home, but that is not true. I like the flexibility of not having a payment, but I can make a payment if I want to. I advise you to call them. Make an appointment so they can tell you how it works. It's a good thing."


Greg & Katie, Retired Scientist & Admin. Assistant

RMF Customers Since 2017

"For us, it was a security blanket. The value of our house was to fund our long-term healthcare. Everybody should be taking a look at it. If they're over 62, they should at least investigate it. We've got great peace of mind. Whatever comes up, we're ready."


Elizabeth & Richard, Retired Finance Executives

RMF Customers Since 2017

"Many people have such a misunderstanding as to how a reverse mortgage works. Most people think the bank takes your house, but that's absolutely 100% wrong. You're responsible for keeping up with your property taxes and you're responsible for paying your insurance on the property. Without a doubt, one of the best financial tools we've learned about."

What Our Customers Have to Say

Source: RMF Customer Satisfaction Survey 2019
Source: LendingTree Ratings and Reviews, as of May 2020
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