Reverse Mortgages

Boost Your Retirement with a Reverse Mortgage.

A reverse mortgage can provide the financial freedom you deserve—turning your home’s equity into cash to supplement your retirement income, cover expenses, or achieve your financial goals—all while allowing you to stay in the home you love.

What is a Reverse Mortgage?

A reverse mortgage is a unique type of loan designed for homeowners aged 62 and older, allowing them to convert part of their home equity into regular cash payments.

Unlike a traditional mortgage, where borrowers make monthly payments to a lender, a reverse mortgage allows eligible homeowners to receive payments from their lender—providing non-taxable funds that can be used however you choose. Whether it’s boosting your retirement income, traveling, or spoiling the grandkids, a reverse mortgage offers financial flexibility while letting you stay in the home you love.

With a reverse mortgage:

The borrower retains ownership and continues living in the home.

Repayment of the loan, including interest, is deferred until the borrower sells the home, permanently moves out, or passes away.

Why Consider a Reverse Mortgage?

Reverse mortgages can be a powerful financial tool for seniors seeking to enhance their retirement planning or address specific financial needs. Here’s why borrowers might choose one:

Provides an additional source of funds to cover daily living expenses, medical costs, or unexpected financial needs.

Borrowers are not required to make monthly payments toward the loan balance, reducing financial stress. (Borrowers must continue to pay property taxes, homeowners insurance, and maintain the home.)

Offers the flexibility to age in place while leveraging the value of your property.

Choose to receive funds as a lump sum, monthly payments, or a line of credit that can be tapped as needed.

Borrowers (or their heirs) will never owe more than the home’s value, even if the loan balance exceeds it.

Is a Reverse Mortgage Right for You?

A reverse mortgage isn’t one-size-fits-all. It’s a great option for those who:

Have significant equity in their home.

Plan to stay in their home long-term.

Need additional income to enhance their quality of life in retirement.

At Exhale Lending, we’re here to help you understand your options and make informed decisions. If you’re curious about how a reverse mortgage can fit into your financial strategy, let’s start with a conversation. Contact us today to get started!

Expert Advice

We’re your trusted financial partners for life, dedicated to simplifying your journey towards homeownership. Reach out today!

Exhale Lending is a mortgage brokerage firm that embodies trust, transparency, and a genuine desire to help clients achieve financial serenity. With our client-centric approach, expertise, and unwavering commitment to excellence, Exhale Lending is poised to make a meaningful impact on the journey towards homeownership for individuals and families alike.