What Is a Reverse Mortgage Loan?
- Specifically designed to help those 62 and older supplement their retirement
- Doesn’t have to be repaid until you leave your home*
- No monthly mortgage payments
- FHA Insured
- Receive tax-free proceeds from your reverse mortgage, and you can designate how you want to receive them
* You must continue to maintain your property, pay property taxes and homeowners insurance, and otherwise comply with all loan terms.