A reverse mortgage—most commonly a Home Equity Conversion Mortgage (HECM)—is a loan program that enables older homeowners to access a portion of their home’s equity without taking on monthly mortgage payments. Instead, the loan balance is repaid when the home is sold or the borrower no longer occupies the property.
Designed to support financial stability in retirement, reverse mortgages can provide monthly income, a lump sum, a line of credit, or a combination of these options. This allows retirees to supplement savings, cover living expenses, pay medical costs, or eliminate an existing mortgage while staying in their home.
We offer tailored reverse mortgage solutions to support comfort, independence, and long-term retirement planning.
A federally insured reverse mortgage program offering flexible payout options and consumer protections.
A revolving credit line that grows over time, providing long-term financial flexibility for retirement.
Allows eligible buyers to use a reverse mortgage to purchase a new primary residence without monthly payments.
A non-FHA reverse mortgage designed for higher-value homes exceeding standard HECM limits.
For many retirees, home equity becomes a powerful financial tool. A reverse mortgage helps you:
Access equity to enhance retirement income without monthly payments.
Use funds for healthcare, home updates, debt payoff, or lifestyle needs.
Maintain ownership and independence while leveraging the value of your property.
Choose a lump sum, monthly income, line of credit, or a combination that fits your goals.
Retirees often search for ways to improve cash flow, reduce monthly expenses, or enhance long-term financial security, and reverse mortgages offer a powerful solution. By converting home equity into accessible funds, you can create additional income without selling your home or taking on new monthly payments.
Prism Lending Partners helps you understand eligibility, compare HECM and proprietary options, and structure a reverse mortgage that aligns with your retirement goals. Whether you’re looking to increase financial stability or support future needs, we’re here to guide you with clarity and care.
Homeowners aged 62 or older who live in the home as their primary residence and have sufficient home equity may qualify.
Yes—borrowers retain ownership and remain responsible for taxes, insurance, and home maintenance.
No monthly mortgage payments are required; the loan is repaid when the home is sold or no longer occupied by the borrower. However, borrowers must still pay escrow (property taxes and insurance).
Your available funds depend on your age, home value, interest rates, and loan program type. Contact one of Prism Lending Partners expert mortgage brokers for details on your specific situation.
Yes—they can choose to keep the home by financing into their own name, paying the loan balance, or selling and keeping any remaining equity.
