04/23/2026
Curious how a reverse mortgage works when you still want to stay in your home?
Here are three quick facts about reverse mortgages that may surprise you:
1. You still own your home
With a reverse mortgage, you remain on title and continue to own and live in your home as your primary residence, as long as you meet your loan obligations, such as property taxes, homeowners' insurance, and required maintenance.
2. No required monthly mortgage payment
A reverse mortgage allows an eligible borrower to access a portion of their home equity without a traditional monthly mortgage payment, which can help improve monthly cash flow.
3. You can use your reverse mortgage as buying power
Reverse mortgages are not only for homes you already own. Certain reverse mortgage options may be used to purchase a new primary residence, combining the purchase and reverse mortgage into a single transaction.
If you are exploring ways to use home equity while staying in your home or changing homes, I am available to talk through how a reverse mortgage may fit your goals.