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Reverse Mortgage

Is this right for me?


A reverse mortgage is a unique, Federal Housing Administration (FHA)-insured loan that allows eligible homeowners age 62 years and older to convert a portion of their home’s equity into tax-free funds without having to make monthly mortgage payments. A reverse mortgage loan can help:

Supplement retirement income

​Pay off an existing mortgage or other existing debt

Pay for medical care, prescription drugs and in-home care

Cover large or unexpected expenses

Make home improvements and repairs

​Stretch retirement savings