Reverse mortgages are insured by the U.S. Dept. of HUD Payments to borrowers are guaranteed by the U.S. government They

When the home is sold or when the last surviving spouse or borrower dies or moves away for 12 months

You can choose how to receive your money. You can receive it: As a Lump Sum at the closing of

The amount you can get depends on: Youngest borrower’s age** The home value Current interest rates

Any homeowner who is 62 years or older You must be living in the home as your primary residence

Pay off current mortgage or debts Property taxes/ home insurance Home repairs Everyday living expenses Retirement Planning Medical expenses or

A reverse mortgage allows homeowners who are 62 years or older to access a portion of the equity in their