Reverse Mortgage

A reverse mortgage is a financial product that allows homeowners aged 62 or older to convert part of their home’s equity into cash, without having to sell the house or make monthly loan payments. Instead, the loan is repaid when the homeowner sells the home, moves out permanently, or passes away. It enables seniors to access funds for living expenses, healthcare, or other needs while continuing to live in their home. The loan balance grows over time and is paid back from the home's sale, often with interest.