Reverse Education Center

How Reverse Mortgages Work

Reverse mortgages are loans, but they function a bit differently than conventional mortgages. Learn everything from which property-types are eligible for a reverse mortgage to how to start the loan-taking process here.

Two people explore how much money they can get with a reverse mortgage
How much money can you get from a reverse mortgage?

A reverse mortgage loan allows borrowers to tap into a portion of the equity in their homes as a lump sum payout, regular payouts, a line of credit, or a combination of

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A mother and daughter who have a reverse mortgage together.
Can family members get a reverse mortgage together?

There are several compelling reasons for family members to be on a reverse mortgage together. Here is a rundown of what is possible.

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Man learning about a reverse mortgage line of credit
How does a reverse mortgage line of credit work?

A line of credit in a reverse mortgage can offer multiple advantages to borrowers. Here's how they work and how they differ from other line of credit products.

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two people learn about home title and a reverse mortgage
Title and reverse mortgages: what you need to know

When you take a reverse mortgage, the title to your home remains in your name and you retain ownership of your home. Here's how it works.

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A couple reading how a reverse mortgage works
How does a reverse mortgage work?

A reverse mortgage allows an eligible borrower to access their home equity. How does a reverse mortgage work? Here's what you need to know.

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A couple dancing in their home because they understand their options to receive reverse mortgage proceeds
Reverse mortgage proceeds: understanding your options

Reverse mortgages give borrowers a variety of proceed options to choose from. Here is a rundown of the possibilities and how each works.

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