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Basics
Learn what a reverse mortgage is
A reverse mortgage is a special type of home loan for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time. Read more
Not everyone is eligible for a reverse mortgage
Along with age, there are a few other requirements for taking out a reverse mortgage loan. Read more
Reverse mortgage loans generally must be repaid when you sell or no longer live in the home
In addition, the loan may need to be paid back sooner, such as if you fail to pay property taxes or homeowner’s insurance or fail to keep your home in good repair. Read more
Understand your situation
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