Reverse mortgage quote
See how much you may be eligible for
Sending your request…
This usually takes a few seconds.
What happens next
- A licensed reverse mortgage specialist will reach out, usually within one business day.
- They'll run your exact numbers. The figures on this site are estimates.
- No obligation: you're gathering information, not committing to anything.
In the meantime, our home equity guidecovers the questions worth asking any lender.
GrandAdvisor is a comparison service operated with Peklava LLC, a duly licensed mortgage broker and marketing lead generator (NMLS ID 1592292, DBA RateZip). GrandAdvisor receives compensation for connecting consumers with participating mortgage lenders. A reverse mortgage is a loan that must be repaid; HUD requires counseling from an approved counselor before you can apply.
Reverse Mortgages: Accessing the Equity You’ve Built
If you’re 62 or older and own your home, a reverse mortgage may allow you to convert a portion of your home equity into loan funds, without having to sell your home or make regular monthly mortgage payments.*
The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges such as property taxes, fees, and hazard insurance. The borrower must maintain the home. If these obligations are not met, the loan will need to be repaid.
How Reverse Mortgage Funds Can Be Accessed
Reverse mortgages offer several flexible payout options, allowing you to use your home equity in a way that supports your retirement needs:
- Lump Sum: Receive a one-time payment at closing, which may help with larger expenses or pay off higher-interest credit card debt
- Monthly Disbursements: Access loan funds on a regular basis to help with ongoing costs and personal budgeting
- Line of Credit: Draw funds as needed, with the added potential for the available credit to grow over time
- Blended Option: Combine a line of credit with monthly disbursements or a partial lump sum, depending on your financial goals
Support Your Retirement with Greater Flexibility
A reverse mortgage provides access to loan proceeds tied to your home equity. These funds can help manage healthcare expenses, home repairs, or other unplanned costs, giving you more flexibility in your retirement years.
Stay in the Home You Love While Accessing Its Value
A reverse mortgage allows eligible homeowners 62 and older to access a portion of their home equity without having to sell or move. You maintain ownership and stay in your home,* while using the loan funds to help with retirement expenses or other financial needs.
The right to remain in the home is contingent on the borrower continuing to pay property taxes, homeowners insurance, maintain the property, and comply with all loan terms.
Take the Next Step
Wondering if a reverse mortgage could be part of your retirement needs? Use the form above to see how much you may be eligible to receive.
Required Disclaimers
Reverse Mortgage Product Disclaimer
The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
Government Disclaimer
These materials were not provided by HUD or FHA and were not approved by FHA or any government agency.
Advertising Disclosure
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