09/17/2026
Still making mortgage payments in retirement? You may be wondering if a Reverse Mortgage is still an option. The answer may surprise you.
Many senior homeowners assume they need to own their home free and clear before considering a Reverse Mortgage.
That's not necessarily the case.
For eligible borrowers, an existing mortgage generally must be satisfied at closing using Reverse Mortgage proceeds or other available funds. The amount of available loan proceeds and other program requirements will determine how the existing mortgage may be satisfied.
Don't guess. Get the facts before deciding if a Reverse Mortgage is right for you.
Have questions? DM me today to learn more.