Effortlessly Calculate Your Reverse Mortgage Potential Now

How Reverse Mortgages Work

When you take out a reverse mortgage, the amount you can borrow depends on several factors, including your age, the value of your home, and current interest rates. The loan typically doesn't have to be repaid until you sell the home, move out permanently, or pass away. At that point, the proceeds from the home sale are used to repay the loan, with any remaining equity going to you or your heirs.