You worked hard for your nest egg and have made smart investments.
So why are you still relying on a volatile economy to determine the course of your retirement?
By tapping into your home equity, you can take control of your finances and increase your cash flow with income-tax-free funds. †
Protect your financial future with a federally-insured* reverse mortgage—also known as a Home Equity Conversion Mortgage (HECM).
Unlike a regular mortgage or home equity loan, a HECM allows you to pay whatever you want each month, even no payment at all. Plus, you retain 100% ownership of your home and you’ll never owe more than the home is worth when the loan is repaid.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and maintenance. At a minimum, to be eligible for a HECM you must:
By clicking "CALCULATE ELIGIBILITY", 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 888-736-4486 to complete your request. You understand that you can revoke this consent at any time.
A reverse mortgage has certain advantages over other types of home equity-based loans. If the loan balance exceeds the value of your home when the loan is repaid, you and your heirs are not responsible to pay the excess. As long as you satisfy your loan obligations, which include maintaining your home, paying your real estate taxes, property insurance.
A reverse mortgage is a powerful financial tool that allows you to turn some of the equity in your home into funds you can use as you choose. Like a traditional mortgage, a reverse mortgage is a home-secured loan; but unlike a traditional mortgage it is specifically designed for homeowners age 62 and older. The process to obtain a reverse mortgage is simple; but it’s helpful to know what you can expect. Here’s a reverse mortgage roadmap to help you along the way.
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.
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