🔄 Reverse Mortgages
Your equity, working for your retirement
A Home Equity Conversion Mortgage (HECM) — the FHA-insured reverse mortgage — lets homeowners 62 and older convert part of their home equity into funds while continuing to live in and own their home. No monthly principal-and-interest payment is required, though you must still pay property taxes and homeowners insurance and maintain the home. A reverse mortgage is a loan and must be repaid — typically from the sale of the home — when the last borrower sells, moves out, or passes away.
Is this you?
Reverse Mortgages tend to be a great fit for…
- Homeowners 62+ who want to supplement retirement cash flow
- Retirees with significant equity but tight monthly budgets
- Buyers 62+ using HECM for Purchase to right-size without a required monthly P&I payment
- Families who want the numbers explained honestly before deciding
Questions friends actually ask
Reverse Mortgages: straight answers
Do I still own my home with a reverse mortgage?
Yes — you keep title to your home. The loan is secured by the home like any mortgage, and you must keep paying property taxes and homeowners insurance and maintain the property. Failing those obligations can make the loan due.
When does a reverse mortgage have to be repaid?
A reverse mortgage is a loan and must be repaid — typically when the last borrower sells the home, moves out permanently, or passes away. It is most often repaid from the sale of the home; HECMs are non-recourse, meaning the debt repaid from the home’s sale cannot exceed the home’s value at that time.
Is a reverse mortgage a government benefit?
No. A HECM is FHA-insured, but it is a loan from a private lender — not a government benefit or entitlement. Independent HUD-approved counseling is a required step, which exists specifically so you understand the costs and obligations before committing.
Keep exploring
Conventional Loans
The workhorse of home financing — flexible terms, competitive costs, and down payments as low as 3% for first-time buyers.
Learn more →FHA Loans
The first-time buyer favorite — 3.5% down, friendlier credit requirements, and forgiving guidelines for real-life finances.
Learn more →VA Loans
For those who served — $0 down, no monthly mortgage insurance, and some of the strongest terms in all of lending.
Learn more →Not sure if reverse mortgages are right for you?
That’s literally what Dominick is for. One conversation, all your options side by side, zero pressure to move forward.