Get the Money You Need to Retire Comfortably

Calculate what you qualify for

$0

$600,000

$0

$680,000+

A Married Couple

Pre-Qualify for this amount today

$352,000

prequalify in 90 seconds

Pre-qualifying will not affect your credit score

An appealing alternative to the traditional mortgage loan

A reverse mortgage gives you the flexibility that no other mortgage can provide, and keeps cash where it matters most- in your pocket! You’ve worked hard for the equity in your home and now it can work for you.

  • 01 Stop Paying Monthly Mortgage Bills
  • 02 Get Monthly Cash Payments
  • 03 Retain Your Home & Protect Your Income

What is a Reverse Mortgage?

A reverse mortgage is a unique product available to homeowners who are at least 62 years of age, who live in their home as their primary residence. This helpful tool allows you to liquidate a portion of the equity from your home into cash, which can be disbursed to you in several different ways, according to your preference. You are not required to make a mortgage payment as long as you’re living in the home. Reverse Mortgages have the best features of a cash-out refinance and a home equity line of credit, but with the advantage of deferred repayment.

The Reverse Mortgage Process
in 3 easy phases

PHASE 1

Consultation & Counseling

next chevron

PHASE 2

Application & Appraisal

next chevron

PHASE 3

Underwriting, Closing & Funding

PHASE 1

Consultation & Counseling

The first thing to do when considering a reverse mortgage is consult with a specialist who will discuss your options, and explain how the process works.

When you’re ready to proceed, you’ll be required to attend reverse mortgage counseling with a HUD-approved counselor. This counseling serves as a way to ensure you understand the program. You and the counselor must sign a document certifying your understanding of the concepts covered.

PHASE 2

Application & Appraisal

When you’ve finished counseling, you’ll complete a loan application with one of our reverse mortgage specialists.

The specialist will help you collect any necessary documentation, and arrange for an appraisal of your property.

PHASE 3

Underwriting, Closing & Funding

An underwriter will review the file. When the file is approved, a loan signing is scheduled.

Once the loan is complete, any previous mortgages are paid off, and you get access to your funds in the manner you’ve chosen.

Reverse Mortgage FAQ

When it comes to a reverse mortgage, people usually have questions. These are the most common ones that people ask. If you have other questions, ask one of our specialists.

  • Overview

    What is a Reverse Mortgage?

    What is home equity?

    How does a Reverse Mortgage affect my existing mortgage?

    How is a Reverse Mortgage different from a traditional mortgage?

    What is FHA mortgage insurance and why is it required?

    Is reverse mortgage counseling required?

    Why am I required to complete reverse mortgage counseling?

    Will a Reverse Mortgage affect my government benefits?

    Can my family still inherit my home?

    Why have other lenders discouraged me from seeking a Reverse Mortgage?

  • Eligibility

    Am I eligible for a reverse mortgage?

    If I’ve defaulted on my taxes or insurance, am I still eligible for a reverse mortgage?

    Can someone who is not my relative be on my reverse mortgage?

    Am I able to take a reverse mortgage on my investment properties?

    Am I able to take a reverse mortgage against a commercial property?

    How many people are allowed on my reverse mortgage note?

    Are there restrictions on the type of home that qualifies for a reverse mortgage?

    Does my income or credit history impact my reverse mortgage eligibility?

  • Process

    What is the process to get a reverse mortgage?

    How long does the Reverse Mortgage Process take?

    Does submitting an application obligate me to a reverse mortgage?

    Does the condition of my home affect my ability to apply for a reverse mortgage?

    Can my Reverse Mortgage transaction be handled by someone who has power of attorney over my estate?

    Is my privacy protected in this process?

  • Costs

    What is the required monthly payment on my reverse mortgage?

    Are there restrictions on where my funds due at closing may come from?

    Can I be required to repay more money than my home is worth?

    When is a reverse mortgage not a good financial option?

    Is it possible to refinance my reverse mortgage?

    What are the fees to apply for a reverse mortgage?

    What is the interest on a reverse mortgage?

    What affects the interest rate on my reverse mortgage?

    Is my reverse mortgage’s line of credit growth the same thing as earning interest?

    What are the closing costs on a reverse mortgage?

    At what point is my Reverse Mortgage due?

  • RM for Purchase

    What is a Reverse Mortgage for Purchase?

    What are the benefits of the reverse mortgage for purchase program?

How Can A Reverse Mortgage Help You?

  • 01 Supplement your retirement income
  • 02 Pay off your existing mortgage
  • 03 Eliminate high interest debt
  • 04 Stretch retirement savings
  • 05 Stay in your home
A Happy Couple

Enjoy a better life while eliminating your monthly expenses

Make these years the best of your life!

prequalify in 90 seconds

What People Are Saying

“RMC was a wonderful tool for me to be able to have money to put back into my home without having extra payments, at a time when I needed it.”

Shelly W.

Seattle WA

“RMC was a wonderful tool for me to be able to have money to put back into my home without having extra payments, at a time when I needed it.”

Shelly W.

Seattle WA

“RMC was a wonderful tool for me to be able to have money to put back into my home without having extra payments, at a time when I needed it.”

Shelly W.

Seattle WA