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WHAT IS A
REVERSE MORTGAGE?

Check Eligibility



You Can Retire More Freely with a Reverse Mortgage


A reverse mortgage is a lot like a traditional mortgage or home equity loan. But it’s designed specifically for people who are in or approaching retirement, so it has some added benefits—including the flexibility to make any size monthly payment you want, or none at all. 

As with any mortgage, you own your home. And whatever equity is available when you sell is yours. 

You just have to meet your loan obligations, keeping current with property taxes, insurance, and maintenance. 

We can help you determine if your home qualifies for a reverse mortgage, how much you may be eligible to receive, and if this loan option is right for you.


Get started with your free quote today!

 

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By clicking "CALCULATE", 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 888-277-8490 to complete your request. You understand that you can revoke this consent at any time.

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A reverse mortgage lets you stay in control

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CUSTOMIZABLE

You choose how to receive your funds, either as a lump sum, line of credit, monthly advances or any combination of these.

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FLEXIBLE

With the flexible payment option, you decide how much or how little to pay each month toward principal and interest. Or you can choose to make no monthly loan payment at all.¹

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CONTROLLABLE

With no pre-defined loan maturity date, you can pay down the loan at any time, or defer repayment.

How much can you receive from a reverse mortgage?

The amount that is available generally depends on four factors: your age, the current interest rate, the appraised value of the home, and government-imposed lending limits.

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Reverse mortgages have some powerful advantages

A reverse mortgage has certain advantages over other types of home equity-based loans. If the loan balance ever exceeds the value of your home, 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, and property insurance.

  • Establish a rainy day fund
  • Supplement your income
  • Refinance an existing mortgage
  • Repay a home equity loan
  • Pay off high-interest rate credit cards
  • Be more financially prepared
  • Pay for healthcare
  • Cover in-home care costs
  • Make or pay off a major purchase
  • Home improvements
  • Home modifications
  • Buy a home
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testimonial
DIANE S.
Benicia, CA

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

testimonial
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

testimonial
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.

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

*This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.