Get the facts before you decide.
Clear information first. A loan recommendation only if it fits your situation.
Before you decide
Before You Choose a Reverse Mortgage, Get the Facts.
A reverse mortgage isn’t right for everyone. Learn how it works, understand the costs and homeowner responsibilities, and see whether it may fit your situation.
- No obligation
- No pressure
- Personal review
- Homeowners age 62+
Your Reverse Mortgage Specialist
Mark Sangster
See If It May Make Sense
Share a few details for a personal, no-pressure review.
You keep ownership
You retain title to your home while meeting loan and property requirements.
Responsibilities continue
Property taxes, homeowners insurance, maintenance and applicable HOA charges remain your responsibility.
Compare alternatives
A responsible review should consider other options before you decide.
What you should know first
A reverse mortgage isn’t right for everyone.
That is exactly why the first conversation should be about understanding the loan, your goals, your responsibilities and the alternatives—not pressure to move forward.
The loan balance generally grows over time
Interest and applicable mortgage-insurance charges accrue to the outstanding balance.
You remain responsible for the home
Taxes, homeowners insurance, maintenance and applicable property charges must continue to be paid.
Independent counseling is part of HECM
HUD-approved counseling is required before an FHA-insured HECM can close.
There may be alternatives worth comparing
Depending on your goals, downsizing, refinancing, selling or other resources may also deserve consideration.
Ways homeowners may use available home equity
Reduce monthly pressure
Use available home equity to help manage expenses or support retirement planning.
Create a line of credit
Access available funds when needed under the selected loan terms.
Supplement retirement cash flow
Review permitted advance options that may fit your retirement plan.
Purchase your next home
Use a HECM for Purchase toward a new principal residence with required funds at closing.
You keep ownership—
and you keep important responsibilities.
A reverse mortgage can provide financial flexibility, but ongoing homeowner responsibilities remain important.
Ongoing borrower responsibilities
- Pay property taxes
- Maintain homeowners insurance
- Keep the property in good condition
- Occupy the home as a principal residence
- Pay HOA dues and other property charges, if applicable
From questions to a clear decision
1. Initial review
We learn about your goals and review your home and financial information.
2. Compare options
We explain available loan structures clearly so you can compare with confidence.
3. Independent counseling
A HUD-approved counselor reviews the HECM with you before closing.
4. Application and closing
If it is the right fit, we guide you through the application and closing process.
See whether a reverse mortgage may fit your situation.
No obligation. No pressure. Get clear answers before you decide.