Good to know

Frequently asked questions

A reverse mortgage is an important decision. Here are questions homeowners often bring to a first conversation.

Do I still own my home?

Yes. You remain the registered owner and continue to be responsible for property taxes, insurance, and upkeep.

Do I have to make monthly payments?

Regular payments are generally not required. Interest is added to the balance, with repayment usually due when the home is sold or the last borrower moves out.

How could I receive the funds?

Depending on the product and your situation, funds may be available as a lump sum, regular advances, or a combination.

What happens when the home is sold?

The loan is generally repaid from the sale proceeds. Exact terms depend on the agreement and lender.

Can I repay a reverse mortgage early?

Early repayment options and any related terms depend on the product. We will review them before you decide.

Is the first conversation really no-pressure?

Yes. Ask questions, compare options, and decide only when you feel ready.

Still have a question?

Send a note or call us. We will explain everything at your pace.