Personal » Additional Resources » Reverse Mortgage FAQs

What is a Reverse Mortgage?

A Reverse Mortgage loan allows qualifying homeowners, 62 years of age or older, to take advantage of the equity in their home and use it as tax-free income while living in their own home.* There are no monthly mortgage payments for as long as you stay in the home. The loan becomes due when you no longer occupy your home as a principal residence.

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