Reverse Mortgage Resources
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Getting Started
Learn what a reverse mortgage is, how it works, and if it’s right for you.
Reverse mortgage pros and cons
A reverse mortgage provides access to home equity with no required monthly mortgage payments, as long as loan terms are met. Potential drawbacks include upfront costs, interest that increases the loan balance over time, and reduced equity available to heirs.
19 Min.
What is a HECM loan and how does it work?
A HECM is a reverse mortgage, but not all reverse mortgages are HECMs. Learn how they are different.
16 Min.
Who owns the house in a reverse mortgage?
Simple. Reverse mortgage borrowers retain title and ownership of their homes. Here's more about how it works.
9 Min.
Understanding Eligibility
Understand the eligibility requirements and how to make the most of your home’s equity.
What are reverse mortgage eligibility requirements?
Understanding the eligibility requirements of a reverse mortgage can is the first step to deciding if these financial vehicles are right for you.
15 Min.
Reverse mortgage foreclosure: How it happens and what to do next
Foreclosure doesn't need to be a frightening word. Learn what it is and how it applies to a reverse mortgage.
11 Min.
Reverse mortgages in California: Rights and eligibility requirements
California reverse mortgage borrower rights Before beginning their loan application, all reverse mortgage borrowers are required by federal law to meet with an independent, third-party…
3 Min.
Exploring Costs
Explore reverse mortgage costs, rates, and tax impacts to make smart financial decisions.
Understanding reverse mortgage payout options
Reverse mortgages give borrowers a variety of payout to choose from. Here is a rundown of the possibilities and how each works.
10 Min.
Reverse mortgage fees and costs explained
Reverse mortgages come with both ongoing costs and fees. Gain a deeper understanding of reverse mortgage fees work.
16 Min.
Can you refinance a reverse mortgage?
Like traditional mortgages, reverse mortgages can be refinanced. Here are some of the reasons that would make refinancing make sense.
12 Min.
Comparing Your Choices
Compare reverse mortgage types to find the best fit for your needs.
HomeSafe Second vs HELOC: What is the difference?
Learn how our proprietary second-lien reverse mortgage product differs from the more commonly understood HELOC.
15 Min.
HELOC vs. HECM–Which is right for you?
How does a home equity conversion mortgage (HECM) work? A HECM is an Federal Housing Administration (FHA)-insured reverse mortgage for homeowners age 62 and older.…
15 Min.
HELOC alternatives: 7 ways to access cash
Why should you consider HELOC alternatives? A home equity line of credit (HELOC) is a revolving credit line that lets you borrow against the equity…
15 Min.
Beginning the Process
Detailed guides to help you start your reverse mortgage application with confidence.
What is a reverse mortgage and how does it 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.
18 Min.
How to apply for a reverse mortgage in 5 steps
The process for getting any mortgage can be confusing. We break down getting a reverse mortgage into seven simple steps, starting with research.
7 Min.
The reverse mortgage process in 7 steps
1. Third-party counseling Anyone who wishes to apply for a reverse mortgage must attend a mandatory third-party counseling session. The counseling is with an independent…
3 Min.
Managing Your Future
Learn how to manage your reverse mortgage and plan for your long-term financial goals.
How to pay back a reverse mortgage: 7 options explained
Reverse mortgage borrowers may repay the balance at any time. They are not required to wait until the loan comes due.
17 Min.
A non-borrowing spouse guide to reverse mortgage
Eligible non-borrowing spouses in a HECM are afforded certain rights and protections by HUD. Here are the details.
17 Min.
Are heirs responsible for reverse mortgage debt?
When a reverse mortgage borrower passes away, their estate must resolve the debt. While heirs may need to decide how that happens, they are not personally responsible for the debt.
6 Min.
