HomeSafe Second is a reverse mortgage that lets you access your home equity without replacing your current mortgage. You can receive funds as a lump sum or non-revolving line of credit9 up to your approved limit. You’re not required to make monthly mortgage payments1 as long as you meet loan obligations like paying property taxes, insurance, and maintaining your home. The loan balance grows over time and is typically repaid when you sell the home or no longer live in it. Learn More
1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, 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.
