How it works
If you’ve built up significant equity in your home, a reverse mortgage may allow you to borrow money against that equity, which can be used virtually any way you see fit.
Access cash with no new monthly payments1
Receive your funds as a lump sum, in installments, or through a line of credit—based on your home’s value, your age, and loan terms—while keeping ownership and remaining in your home3, which serves as collateral for the loan.
Enjoy Life’s Possibilities
Your home’s equity can provide the financial flexibility to support your goals—whether it’s funding home improvements, consolidating debt, covering medical expenses, investment properties or even taking a long overdue vacation. The possibilities are endless.
Pay it back later
The reverse mortgage is typically repaid when you move out of the home, pass away, or no longer meet the loan terms. At that time, you or your heirs can choose to repay the loan and keep the home—or sell it and keep any remaining equity after the loan is settled.
1The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
3The right to remain in the home is contingent on paying property taxes and homeowner’s insurance, maintaining the home, and complying with the loan terms.
How it works
If you’ve built up significant equity in your home, a reverse mortgage may allow you to borrow money against that equity, which can be used virtually any way you see fit.
Access cash with no new monthly payments1
Receive your funds as a lump sum, in installments, or through a line of credit—based on your home’s value, your age, and loan terms—while keeping ownership and remaining in your home3, which serves as collateral for the loan.
Enjoy Life’s Possibilities
Your home’s equity can provide the financial flexibility to support your goals—whether it’s funding home improvements, consolidating debt, covering medical expenses, investment properties or even taking a long overdue vacation. The possibilities are endless.
Pay it back later
The reverse mortgage is typically repaid when you move out of the home, pass away, or no longer meet the loan terms. At that time, you or your heirs can choose to repay the loan and keep the home—or sell it and keep any remaining equity after the loan is settled.
1The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
How it works
If you’ve built up significant equity in your home, a reverse mortgage may allow you to borrow money against that equity, which can be used virtually any way you see fit.
Access cash with no new monthly payments1
Receive your funds as a lump sum, in installments, or through a line of credit—based on your home’s value, your age, and loan terms—while keeping ownership and remaining in your home3, which serves as collateral for the loan.
Enjoy Life’s Possibilities
Your home’s equity can provide the financial flexibility to support your goals—whether it’s funding home improvements, consolidating debt, covering medical expenses, investment properties or even taking a long overdue vacation. The possibilities are endless.
Pay it back later
The reverse mortgage is typically repaid when you move out of the home, pass away, or no longer meet the loan terms. At that time, you or your heirs can choose to repay the loan and keep the home—or sell it and keep any remaining equity after the loan is settled.
