Reverse Mortgage

No Mortgage Payments – Retire at the age of 62

What is a Reverse Mortgage?

A reverse mortgage is an excellent option for seniors with moderate to high equity in their home that need some extra money or financial relief. Reverse mortgage loans are available only to homeowners, at least one of whom is 62 years of age and older. The loan provides a number of benefits, including:

  • paying off a current mortgage, should you have one
  • allowing seniors to live in their home without making monthly mortgage payments *
  • providing tax-free ** money for any use
  • ability to pay monthly bills and live comfortably
  • providing freedom from medical bills and debt
  • providing cash for remodeling or home renovations
  • retaining ownership of your home. *

A reverse mortgage may allow you to enjoy a more comfortable retirement and maintain your independence.

Reverse Mortgage Options and Obligations

Reverse mortgages allow homeowners to access their equity in several ways. You can receive money as a lump sum, a line of credit, a monthly payment, or any combination of the three depending on the loan program that you choose. You retain the title to your home, and are responsible for all property taxes, insurance costs, and house maintenance—all of which can be paid out of cash secured by the loan.

For homeowners’ protection, reverse mortgages are designed so you cannot owe more than your house is worth. The loan itself does not come due for as long as you live in the house as your primary residence and as long as you keep your property taxes, insurance up to date and the home adequately maintained.

One Reverse Mortgage offers three different loan options:

  • HECM Fixed
  • HECM Line of Credit
  • HECM for Purchase.

A HECM for purchase loan differs from other reverse mortgages. Instead of access existing equity, the loan gives seniors an opportunity to purchase a home without making monthly mortgage payments.*

* – Homewoner is responsible for property taxes, insurance and maintenance
** – Please consult with a financial adviser

Call Us 954-416-1765

or Request Information

Reverse Benefits

  • Choose the payout option that works for you
  • No mortgage payments; still pay taxes and insurance
  • Still own and live in your home while receiving cash
  • Generally will not affect your social security

Common Misconceptions

  • Difficult to qualify
  • Liable for the loan balances that exceed home value
  • The bank owns your home
  • Reverse Mortgages are expensive (prices vary by product)


  • Qualifying is Easy
  • Youngest homeowner must be at least 62+
  • If you own your home or have a ton of equity
  • Your home is your primary residence