Peace of mind - Reverse mortgages are protected and insured by the government,
and contain many safeguards to shield seniors from predatory lending practices. More than 400,000
Americans have benefited from reverse mortgages.
Continue to hold title - Seniors who qualify for a reverse mortgage remain on
title and in control of their home. There is no pre-payment penalty and the title to the home is
never in jeopardy as long as they continue to live in the home and maintain it.
Remain in the community - With a reverse mortgage, your parents or loved ones do
not have to move out of their home because they can no longer afford to live there.
Remain financially independent - It may be difficult for some seniors to face
their retirement years on a fixed income and often difficult for them to ask for help. The reverse
mortgage allows your loved ones to tap into the equity in their home and maintain their financial
Repay at anytime - Your parents or loved ones can repay the loan in-part or in-full
at anytime without a prepayment penalty.
Purchase a new home - In some cases, your parents or loved ones may want to downsize,
upsize, or simply relocate to be closer to family or friends. By taking advantage of the "reverse
mortgage for purchase" program they can move and still eliminate their monthly mortgage payment.