Reverse Mortgage
Turn decades of equity into financial freedom.
A reverse mortgage lets homeowners aged 62 and older convert part of their home equity into tax-free funds without a required monthly mortgage payment, while continuing to live in and own their home.
Best for
Homeowners 62 and older who want to access equity for retirement security while staying in their home.
How does a reverse mortgage work?
Instead of you paying the lender each month, the lender pays you, drawing from the equity you have built over the years. You can receive funds as a lump sum, monthly payments, or a line of credit. The loan is repaid when you sell the home, move out permanently, or pass away.
You remain the owner and stay responsible for property taxes, insurance, and upkeep.
Is a reverse mortgage right for you?
A reverse mortgage can strengthen retirement cash flow, eliminate an existing mortgage payment, or create a financial cushion. It is a significant decision, and High Place Mortgage walks you and your family through every implication with patience and full transparency.
Key features
- No required monthly mortgage payment
- Access equity as lump sum, income, or a line
- You retain ownership of your home
- Funds are generally tax-free
- Guidance for you and your family
Reverse Mortgage
FAQ
Still have a question? Our team answers the phone, every time, and walks you through the details.