Reverse Mortgages

Welcome to the reverse mortgage information guide. This guide is dedicated to providing you with the information and resources you need to understand reverse mortgages. Reverse mortgages are complex yet powerful financial tools that are often times misunderstood.

What are reverse mortgages?

A reverse mortgage is a loan that allows homeowners who are 62 years and older to convert the equity in their homes into additional income. This can allow a way for seniors to improve their quality of life and stay in their homes. The proceeds can be used for any purpose - whether it's day-to-day living expenses, remodeling, or traveling.

Homeowners may be eligible for a reverse mortgage even if there is an existing first or second liens on their homes. The amount the homeowner recieves depends upon their age, the type of mortgage sought, the home's value, and the current interest rate. There is no income qualification necessary.

For as long as the loan is outstanding, the homeowner gets to stay in their home with no monthly payments required. The reverse mortgage matures when the borrower no longer occupies the home as a primary residence, either through the sale of the home, or the owner passes away.

Quick Guide To This Site:

The following sections of this site will provide you with a wealth of information about reverse mortgages.

Reverse Mortgage Articles

Reverse Mortgage Case Studies

Reverse Mortgage News

Reverse Mortgage Resources

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