Learn more about Reverse for Refinance Loans

Reverse for Refinance

Access the hard-earned equity in your home and get the peace of mind and the retirement you deserve! A Reverse Mortgage allows you to use an otherwise illiquid asset to cover immediate and future expenses in retirement. From paying off a mortgage to creating consistent monthly income to improving cash flow to smarter tax planning, a Reverse Mortgage can unlock the equity of your home for a more secure retirement.

Reverse for Refinance

Some key benefits of a Reverse for Refinance:

  • You remain the owner of your home–not the bank.  
  • There are no monthly mortgage payments* required from you.    
  • There are several disbursement options. You can access your equity as a line of credit, a monthly payment to you, or a combination of the two. Plus, there are no restrictions on how you use the funds. Your equity, your choice. The possibilities are endless!  
  • No debt inheritance - Your heirs never inherit your debt. They may keep the house and pay off the loan or sell the home and take the profits. But they’re not personally responsible for debt, even if the house depreciates in value. 

A Reverse for Refinance might be a good fit if you:

  • Still have a mortgage but are looking for flexible monthly payment options.  

  • Have a lot of equity in your home and want to access that equity as part of your overall financial plan and/or help your traditional retirement funds last longer.  

  • Want to age in place.  

  • Need more protection against long-term care events and/or unexpected expenses.  

*Please note: This information is based on an FHA HECM (Federal Housing Administration Home Equity Conversion Mortgage) product, which is a type of mortgage loan. There are fees associated with this loan, as well as compounding interest. The loan is not a government benefit and must be repaid. There is no guarantee of financial security, and the consumer is responsible to pay the property taxes, homeowners insurance, and property maintenance fees independent of the loan, which can be a significant cost. The consumer faces a risk of foreclosure if they do not meet these obligations. For more information about the FHA HECM Reverse Mortgage product, visit HUD.gov. Although there are no monthly mortgage payments, the borrower will continue to be responsible for paying property taxes, homeowners insurance, and property charges and maintaining the home.  


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