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Questions

Can I still leave my home to my children?

It is still your home and you have the right to leave it to your children, or anyone you choose.

Will I have to pay any additional taxes?

With a reverse mortgage, the IRS does not consider the funds from a reverse mortgage to be taxable income. You will still be responsible for property taxes and homeowner’s insurance.

Will a reverse mortgage affect my Social Security or Medicare benefits?

The funds from a reverse mortgage do not affect regular Social Security or Medicare benefits. The funds from a reverse mortgage are considered to be a loan advance and not income.

The regulations for state administered programs vary and we do recommend that you contact a financial advisor.

What determines the amount of cash available to me?

With a reverse mortgage, our benefit calculator considers the age, home value, equity amount and the market growth to determine the amount of cash available to you. With today’s low interest rates, there has never been a better time to lock in your financial future. Our (instead of The) calculator is regulated by the federal government.

Can I refinance my reverse mortgage?

Yes. As your home appreciates over time, additional cash might be available to you. Our Financial Specialists are available to review your situation periodically, making sure that you are maximizing your benefits.

How much does a reverse mortgage cost?

Every homeowner’s situation is unique. We have to access to a wide variety of programs, each with different benefits and costs. We are so confident in our pricing structure that we guarantee to beat any written rate or fee structure.

How does a reverse mortgage get repaid?

Your reverse mortgage will be repaid when either you or your heirs choose to sell or refinance the home. Remember, neither you nor you heirs can ever owe more than the home is worth. Your heirs will also receive any remaining equity in the home.