Unbiased guides, tools, and resources to help you decide if a reverse mortgage is the right financial tool for your retirement.
Everything you need to know about HECMs. How they work, how you get paid, and the safeguards in place to protect you and your heirs.
See exactly how much tax-free cash you can access based on your age and home value.
Calculate NowLending limits and laws vary by state. Find the specific rules for where you live.
Find My StateAge, equity, and property rules.
An honest look at the benefits and drawbacks.
Breakdown of MIP, origination, and closing costs.
No. You retain full ownership and title. The bank simply has a lien on the property, just like a regular mortgage.
HECMs are "non-recourse" loans. You and your heirs will never owe more than the home's value when sold. FHA insurance covers the difference.
Generally, no. Reverse mortgage proceeds are considered loan advances, not income, so they are typically tax-free.
Yes. You can sell the home at any time. You pay off the reverse mortgage balance and keep any remaining equity.