Reverse Mortgage Education
Center

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Whether you have a specific question, or are just beginning to gather information, our reverse mortgage loan education center is here for you. Feel free to browse our exclusive library to learn more and get the answers you’re looking for. Whenever you are ready to take the next step, one of our reverse mortgage experts will be happy to talk with you.

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A reverse mortgage is a loan typically available to homeowners 62+ that converts a portion of home equity into usable cash with no required monthly mortgage payments. *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. Learn More
When homeowners take out a reverse mortgage, they retain the title to their home. This means they remain the owners as long as they comply with the terms of their loan. These terms include paying property taxes, insurance, and maintenance to avoid defaulting on the loan. Learn More
Yes, a reverse mortgage can be refinanced or modified under certain conditions, such as changes in interest rates or the homeowner's financial situation. Refinancing can provide more favorable terms or additional funds if the home's equity has increased.
When a reverse mortgage borrower dies, moves out permanently, or sells the home, the loan becomes due and payable. The home can be sold to repay the mortgage, or the heirs can choose to repay the loan from other sources if they wish to keep the home. Learn More
The primary benefit of a reverse mortgage is the ability to access the home equity without the need to make monthly payments*, providing financial flexibility during retirement. 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.

Understanding Reverse Mortgage

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Man learning about a reverse mortgage line of credit
How does a reverse mortgage line of credit work?

A line of credit in a reverse mortgage can offer multiple advantages to borrowers. Here's how they work and how they differ from other line of credit products.

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People learning about home equity conversion mortgages (HECM)
What is a home equity conversion mortgage (HECM)?

A HECM is a reverse mortgage, but not all reverse mortgages are HECMs. Learn how they are different.

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Learning about reverse mortgage eligibility requirements
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.

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Life of a Reverse Mortgage

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Can I get a reverse mortgage if I have bad credit?

Credit ratings are considered in the reverse mortgage financial assessment. Find out what that means for a borrower with a poor credit score.

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What happens when a reverse mortgage borrower dies?
What happens when reverse mortgage borrower dies?

What heirs need to know about the end of a reverse mortgage when the last borrower passes away.

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A woman discussing reverse mortgage equity requirements
Reverse mortgage equity requirements

To be eligible for a reverse mortgage, borrowers need to own their homes outright or have substantial equity.

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Reputation and Reality

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Woman happy she is controlling her debt with a reverse mortgage
How to take control of debt with a reverse mortgage

Though a reverse mortgage is a kind of debt itself, there are some distinct advantages to using one to pay off or down other debts.

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Happy couple signing their reverse mortgage loan
When is a reverse mortgage a good idea?

In the right situation, a reverse mortgage can be a powerful tool. Find out if one makes sense for you.

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Two people who know the truth about reverse mortgages
The truth about reverse mortgage

Everyone has an opinion. Separate the facts from the fiction and learn the truth about reverse mortgages.

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Calculate your potential equity cash out

A quick calculation can be a general starting point for learning about your options, but it only scratches the surface of our industry-leading home equity solutions. Our licensed specialists are ready to help you get the most out of your home and find specific numbers like your maximum payout while guiding you toward the right decision for achieving your retirement goals.