REVERSE MORTGAGE

LOAN OPTIONS

Evaluate Your Reverse Mortgage Loan Options

By applying fresh and progressive thinking, RMF offers a full range of flexible reverse mortgage options, with HECM rates and fees that may be lower than you expect. It’s all about giving you more choices that better fit your needs and is built around your retirement plan.

Reverse Mortgage Funding LLC (RMF) offers a full array of Home Equity Conversion Mortgage (HECM) loans, plus the expertise to help you understand and navigate the entire process. Learn the difference between the different HECM loans and reverse mortgage loans offered and which one is best for you.

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EQUITY ELITE^® REVERSE MORTGAGE

Introducing Equity Elite^® reverse mortgage, an innovative new reverse mortgage loan product available exclusively from Reverse Mortgage Funding LLC (RMF) as the lender. If you're age 55 or older^* and own or are planning to buy a house or condo, Equity Elite^® can help you create a financial roadmap for your future starting with today. Available to borrowers as young as 55 in select states. Higher minimum age requirements may apply.^* Enjoy your retirement sooner and learn more here.

HECM ANNUAL ADJUSTABLE RATE:

Get greater protection from rising interest rates

HECM Annual is a reverse mortgage whose interest rate adjusts only once a year, with a “lifetime cap” to ensure that your rate will never go beyond a certain percentage over the initial rate. In addition, there’s an “interval cap” that guarantees that your interest rate cannot increase by more than a certain percentage annually. And to help give you financial flexibility, you have the choice of taking your funds as a lump sum, monthly advances, a line of credit or a combination of these. It’s up to you with this Home Equity Conversion Mortgage Annual Adjustable Rate.

HECM MONTHLY ADJUSTABLE RATE

The interest rate on this Home Equity Conversion Mortgage (HECM) fluctuates on a monthly basis, but it also offers more options for homeowners — including a “rate cap” that guarantees that your rate will never go up more than a certain percent over the initial rate (depending on the loan options you choose). You can select a lump sum draw, line of credit, monthly advances, or a combination of these options. For example, you might choose to take some of your cash up front and put the rest in a line of credit, so it’s available if, and when, you need it. You only accrue interest on the money that you actually take.

HECM FIXED RATE

With an interest rate that’s established at the loan closing — and fixed for the life of the loan — you’ll always know exactly how much interest is accruing on your loan. However, with a HECM Fixed Rate, you are required to take all of your money at closing in one lump sum. This may be a desirable choice if you’re using your HECM to pay off a larger existing mortgage or cover other immediate needs.

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