Homeowner can receive an immediate cash advance in addition to monthly income

The borrower or the heirs have no personal liability for the repayment of the loan. The loan is secured solely by the home.

The security of knowing that no loan payments are required for as long as they occupy the property as their principal residence and pay their taxes and property insurance

Homeowners must be 62 years old or older to qualify

Mandatory Homeowners counseling by a HUD approved agency prior to application as a safeguard. The purpose of the session is to explain the legal and financial aspects of the reverse mortgage.