LOAN PROGRAM
Reverse Mortgage
Convert home equity into retirement income — without monthly principal payments.
A Home Equity Conversion Mortgage (HECM) lets homeowners 62+ tap their home equity as a lump sum, line of credit, or monthly payments — without required monthly principal & interest. The loan is repaid when you sell, move out permanently, or pass away.
HIGHLIGHT
Age 62+ Eligibility
Borrowers must be 62 or older and occupy the home as a primary residence.
HIGHLIGHT
Multiple Disbursement Options
Lump sum, line of credit, term payments, or a combination.
HIGHLIGHT
No Required P&I Payments
You remain responsible for taxes, insurance, and home maintenance.
HIGHLIGHT
Non-Recourse Loan
You (or your heirs) never owe more than the home is worth at sale.
How Repayment Works
The loan balance grows over time as interest and fees accrue. When the last borrower permanently leaves the home, the loan becomes due. Heirs typically have the option to refinance, sell the property, or pay off the loan to retain ownership.
Counseling Requirement
All HECM borrowers must complete a HUD-approved counseling session before applying. This protects you and ensures the program is the right fit. Dana will refer qualified counselors and walk you through the entire process.
What It’s Not
A reverse mortgage is not ‘selling the home to the bank.’ You retain title, you can leave the home to your heirs, and you can pay it off at any time without penalty. It’s a financial tool — not a loss of ownership.
BEST FOR
- Homeowners 62+ with substantial equity
- Retirees seeking supplemental income
- Borrowers wanting to delay Social Security
- Estate-planning scenarios with adult children
Other Programs
LET’S TALK
Ready to start your mortgage journey?
One conversation. Real numbers. Honest advice directly from Dana.
