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Reverse Mortgage     

Reverse Mortgages: Unlock Your Home’s Equity for a Better Retirement

Eliminate Monthly Payments. Keep Your Home. Enhance Your Lifestyle.

You’ve worked hard for years to build equity in your home. Now, it’s time for your home to work for you. At Loanhse.com, our Reverse Mortgage programs (including the popular HECM) allow homeowners aged 55+ to convert a portion of their home equity into tax-free cash—without ever having to make a monthly mortgage payment again.

Stay in the home you love while securing the financial freedom you deserve.

How a Reverse Mortgage Actually Works

Unlike a traditional mortgage where you pay the lender every month, in a reverse mortgage, the lender pays you.

  • No Monthly Mortgage Payments: You are still responsible for property taxes, insurance, and home maintenance, but the principal and interest payments are deferred until you leave the home.

  • You Retain Ownership: You stay on the title. The home remains yours just like a traditional mortgage.

  • Non-Recourse Protection: You (or your heirs) will never owe more than the home is worth at the time of sale, even if the housing market dips.

Flexible Ways to Receive Your Funds

At Loanhse.com, we tailor the payout to fit your specific retirement goals:

  1. Lump Sum: Receive a large portion of your equity upfront for immediate needs like home repairs or debt consolidation.

  2. Monthly Tenure: Receive a guaranteed "paycheck" every month for as long as you live in the home.

  3. Line of Credit: Access funds only when you need them. The unused portion of your line of credit actually grows over time, providing a larger safety net for the future.

  4. Combination: Mix and match these options to create a custom financial plan.

Program Comparison

Feature HECM (Government Insured) Jumbo Reverse (Private)
Minimum Age 62 55 (in most states)
Max Loan Limit Up to $1,149,825 Up to $4,000,000+
Property Types FHA-Approved Homes/Condos Luxury Homes & High-Value Condos
Mortgage Insurance Required (MIP) No Mortgage Insurance Required

Strategic Uses for Modern Retirees

  • Eliminate Existing Debt: Pay off your current "forward" mortgage to significantly increase your monthly cash flow.

  • In-Home Care: Fund medical expenses or private care so you can age comfortably in your own home.

  • Silver Divorce: Use a "Reverse for Purchase" to buy a new, smaller home that fits your new lifestyle without a monthly payment.

  • Legacy Planning: Use tax-free proceeds to gift an early inheritance to children or grandchildren while you are still here to see them enjoy it.

Frequently Asked Questions

Does the bank own my home?

No. This is a common myth. You remain the owner of the home and keep the title. The lender simply holds a lien, just like a standard mortgage.

What happens to my heirs?

When the last borrower leaves the home, your heirs have several options: they can sell the home and keep the remaining equity, refinance the loan to keep the home, or simply turn the keys over to the lender if the home is worth less than the debt.

Are there income or credit requirements?

Yes, but they are much more flexible than traditional loans. We perform a "Financial Assessment" to ensure you can comfortably keep up with property taxes and insurance.

Is the money taxable?

Because the funds are considered loan proceeds and not income, the money is generally 100% tax-free. (Consult with a tax advisor for your specific situation).

Discover Your Potential Equity Today.

Your home is likely your largest asset. Let’s see how it can provide you with the peace of mind you’ve earned.

Reverse Mortgages for Seniors | Unlock Home Equity | Loanhse.com

Eliminate monthly mortgage payments and stay in your home. Loanhouse offers HECM and Jumbo Reverse mortgages for homeowners 55+. Get a free, no-obligation equity analysis today.