Allows the homeowner to stay in the home.

Can pay off existing mortgages on the home.

No monthly mortgage payments are required, however the homeowner must live in the home as their primary residence, continue to pay required property taxes, homeowners insurance and maintain the home according to Federal Housing Administration requirements.

The homeowner receives payments on flexible terms:

1. Credit line for emergencies

2. Monthly payments

3. Lump sum distribution

4. Any combination of the above



A reverse mortgage can not get “upside down” so the heirs will never be personally liable for more than the home is sold for.

Heirs inherit the home and keep any remaining equity after the balance of the reverse mortgage is paid off.

Loan proceeds are not taxable.