DRAMATICALLY REDUCE PAYMENTS ¹

Check Eligibility

For decades, you have put money into your home, paying your mortgage and building your home equity. If you still owe on a first or second mortgage, you may be thinking about refinancing to reduce your monthly payments. If so, you owe it to yourself to seriously consider an option that provides much more flexibility than a traditional mortgage or home equity loan: A reverse mortgage designed for homeowners age 62+.

REPAYMENT OPTIONS

Pay as much or as little as you like each month toward principal and interest. As with any mortgage, you must meet your loan obligations, keeping current with property related taxes, insurance and maintenance, and any homeowners association fees.

HIGH-FLEXIBILITY LOANS

Gain access to a line of credit you can tap into as needed, or a steady stream of monthly funds.²

PROTECTION

Our loans come with non-recourse protection so you’ll never owe more than your house is worth when the loan is repaid.

FOR AMERICAN HOMEOWNERS AGE 65+

Home equity comprises approximately 84% of their net worth.³ Learn how you can leverage your home equity to dramatically reduce or even eliminate your monthly mortgage payments.

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HOW IT WORKS

Frances is 71 years old. She has paid off her first mortgage on her home, but currently has a home equity loan that requires her to make burdensome monthly principal and interest payments.

By refinancing her existing home equity loan with a reverse mortgage, Frances can drastically reduce that monthly payment, thanks to the reverse mortgage’s flexible repayment feature. (As with any mortgage, she must meet her loan obligations, keeping current with property taxes, homeowners insurance and any homeowners association fees, and keeping her home in good condition.)

THE RESULT

  • Frances is able to keep more money in her pocket each month.
  • She can be more financially prepared for the future.
  • She can avoid tapping into her savings and invested assets that are a source of income.

SEE WHAT FUNDS YOU MAY HAVE AVAILABLE

If you’re a homeowner who’s at least 62 years old, with equity in your home, you may be eligible for this financial solution.

Check Eligibility

DIANE S.
Benicia, CA

I just so happen to have a reverse mortgage. The best thing I ever did in my life.

JAMES J.
Philadelphia, PA

You get to stay in the house and that's a really good thing. Especially since you still own the house.¹

RICK M.
Fairport, NY

It's a mortgage, or it's a line of credit, but with flexibility. I haven't heard yet any reason why I shouldn't pick this product.

¹ As with any mortgage, borrower must meet their loan obligations, keeping current with property taxes, homeowners insurance, maintenance and any homeowners association fees.

² Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.

³ Average Net Worth by Age – “A Look at American’s Wealth & How You Stack Up” by Wallet Hacks, according to US Census Bureau http://www.magnifymoney.com/blog/retirement/senior-debt-in-america1235240335/

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