A reverse mortgage is a loan available to homeowners 55 and older, though some states or product types require you to be 60 or 62.

A few things you should know about Reverse Mortgage:

• You can live in your house forever without having to worry about making monthly mortgage payments. 
• You can access part of your home equity in the way that makes the most sense for your financial needs. Options include receiving a lump sum upfront, setting up monthly disbursements, establish a line of credit to use in case of emergency or surprises – or a combination of all three. 
• You still pay your property taxes, insurance and homeowners association dues (if applicable) as well as maintain your home. 

Speaking with our expert loan officers can help you determine if a reverse mortgage is an available option for you.