A reverse mortgage is a home loan that lets you turn a portion of the equity in your home into cash payments or line of credit, usually to supplement a retirement income. In other words, instead of making monthly payments to a lender, as one would do with a traditional mortgage, the lender makes payments to the borrower.
Our experienced agents can help you decide if a reverse mortgage is a good option for your particular situation. We do it without a sales pitch or pressure. Getting a reverse mortgage is nothing to rush into.