Reverse Mortgages Financing Options

A reverse mortgage is a financial option designed for eligible homeowners, typically age 62 and older, who wish to access a portion of their home equity.

The most common reverse mortgage program is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA) and available through FHA-approved lenders.

Homeowners who qualify may use a reverse mortgage to access a portion of their home equity while continuing to live in their home.

Unlike a traditional mortgage, monthly mortgage payments are not required. Instead, repayment is typically deferred until the homeowner sells the property, permanently moves out, or no longer meets program requirements.

Homeowners are generally still responsible for property taxes, homeowners insurance, and any applicable association fees.

Auntie Mortgage Group works with lending partners to help homeowners and families explore whether reverse mortgage options may align with their financial needs and long-term housing plans.  

Contact Auntie Mortgage Group to learn more about reverse mortgage options and determine whether they may align with your financial situation and long-term housing goals.