Reverse Mortgage Advantages

Get cash out or pay off debt and make no payments

• For as long as you live in the home or keep the loan
• Lasts as long as one homeowner remains
• Lender cannot require any payments with minimal homeowner obligations

Complete security

• With minimal requirements, the lender can never take your home
• No change to the title – lender receives only a mortgage lien
• The extra money may help you to maintain your independence and security

You Remain in Control

• You decide how much equity you will use or leave to your heirs
• You control how much, or how little, money you take out of your equity
• Leave the vast majority or very little of your equity
• Conservative lending limits generally prevent you from using all of your home equity

Safety and Fairness

• Government designed, highly regulated, and extensively disclosed mortgage program
• Independent counseling is always required before the loan process is complete
• Fair and reasonable business transaction – lender is repaid only what it is owed