What’s the minimum age? 62
Does my spouse have to be at least 62? No
Are reverse mortgages a legitimate and widely used program? Yes
Will the bank take my house when I die? No

Does the bank own my house when I get a reverse mortgage? No

Do I still own my home when I get a reverse mortgage? Yes

Can I sell or refinance my house if I have a reverse mortgage? Yes

Can I pay off or make payments on a reverse mortgage? Yes

Are there prepayment penalties? No

Do I have a monthly mortgage payment with a reverse mortgage? No

Do I still pay property taxes, insurance or HOA fees when I have a reverse mortgage? Yes

Can I have a reverse mortgage on more than one home at a time? No

Are there both adjustable and fixed interest rate options? Yes

What are the current interest rates? Click here for current rates.

How much might I qualify for? Try our quote tool here.

How long does it take to get a reverse mortgage? Typically 2-3 weeks