Reverse Mortgages

If you are at least 62 years old and own your own home, a reverse mortgage may
be a valuable tool to help you achieve your financial goals. Reverse mortgages may be used to purchase a new home or refinance your current mortgage.

PURCHASE A HOME

If you are at least 62 years old, you can use a reverse mortgage to buy a home without having to dip into your retirement savings.

PROGRAM DETAILS

  • There are no monthly mortgage payments, just pay taxes and insurance
  • The loan is only due when you move out permanently, sell the home, or pass away
  • You never owe more than what the home is worth

REVERSE MORTGAGE REFINANCE

If you are at least 62 years old and own your own home, a reverse mortgage may be a valuable tool to help you achieve your financial goals.

PROGRAM DETAILS

  • No monthly mortgage payments
  • Loan is due when you move out permanently, sell the home, or pass away
  • Never owe more than what the home is worth*
  • Flexible cash disbursement options based on your needs
  • If the heirs choose not to repay the loan and the home is foreclosed, they will not be liable for any deficiency

*If the heirs choose not to repay the loan and the home is foreclosed, they will not be liable for any deficiency.