An increasingly popular solution for people 55 or older with plenty of equity in their homes but don’t have the income to qualify for a traditional mortgage. Can be used for purchases or refinances, and you retain full ownership and title to your property.

With a reverse mortgage, you retain full ownership and title to your property, allowing you to continue living in your home. The funds can be received as a lump sum, monthly payments, or a line of credit, providing flexibility to meet various financial needs, such as supplementing retirement income, covering medical expenses, or financing home improvements. Reverse mortgages do not require income or credit score qualifications, making them accessible for retirees or those on a fixed income.