What are the most significant advantages of getting a reverse mortgage?

The primary advantage of a reverse mortgage is the ability to access a portion of the home’s equity in cash payments or as a line of credit without making monthly loan payments.* Because reverse mortgages offer multiple payout options, borrowers are able to tailor the loan to a variety of financial needs and situations. Learn More

*The borrower must meet all loan obligations, including living in the property as the principal residence, maintaining the home, and paying property charges, including property taxes, fees, hazard insurance. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.