A home equity conversion mortgage, or HECM, is the most common type of reverse mortgage. It is backed by the Federal Housing Administration and, in 2025, is capped at $1,209,750.

For example, if your home is worth $400,000 and you owe $150,000 on a reverse mortgage, selling the home could pay off the reverse mortgage and leave you with $250,000. Of course, selling is only ...

American Senior (NMLS #7147), the reverse mortgage arm of HighTech Lending, offers the standard reverse mortgage options — HECM, HECM for purchase and jumbo loans.

The only challenge seniors now face in this slow market is finding a willing buyer to purchase their present home so they can "move down" via a reverse mortgage. After all, you have to sell your ...

A reverse mortgage is a lending option that lets homeowners who’ve paid off all or most of their mortgage to tap into their home equity. Reverse mortgage funds, which are only available on ...

Jumbo mortgage loans may be available to borrowers 55 and older, but most of Mutual of Omaha’s products are limited to borrowers who are at least 62, and its reverse mortgages are currently ...

The calculator also provides the basic details of each available reverse mortgage loan, including available credit, value of home in 10 years and cash payouts over time. Downsizing Calculator ...

The rest of the purchase price came in the form of a reverse mortgage. Just like many other retirees, Yvonne was surprised that the reverse mortgage is placed on the new home.

Based on these assumptions, the borrower has an initial principal limit of $246,600, finances $30,171 of closing costs (which includes an upfront mortgage insurance premium of $12,000, origination ...

Generally, most people can borrow somewhere between 40 and 60 percentof the home’s value. To estimate how much you can borrow, use the reverse mortgage calculator at ReverseMortgage.org.

If you're at least 55 years old and have much of your net worth tied up in your home, a reverse mortgage may be a good way to fund your retirement. But there are numerous benefits and drawbacks to ...