Planning for retirement can be overwhelming. But if you’re 62 or older, you have access to special financing that can better suit your needs now and in the future. With an FHA-insured¹ Reverse Mortgage, you can turn part of the equity you’ve built up in your home into funds you can use today, or a line of credit that will be there when you need it.

The Reverse Mortgage – also known as a Home Equity Conversion Mortgage – offers all the benefits of a traditional home equity loan or home equity line of credit, but with more flexible repayment options. On a monthly basis, you can opt to pay interest only; principal and interest; or make no loan payment—you choose. As with any home-secured loan (or mortgage), you must meet your loan obligations, and keep current with property taxes, insurance, maintenance, and any homeowners association fees. Plus, there’s no pre-defined loan maturity date, which gives you more freedom in managing your monthly expenses.

For detailed information on the product, and to see if a Reverse Mortgage may be right for you, schedule a consultation with one of our mortgage professionals.