Reverse Mortgages 
​Made Easy

A reverse mortgage is a special type of home loan that allows homeowners to convert part of their home’s equity into cash — without having to sell the home or make monthly mortgage payments.
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Unlike traditional mortgages where you make monthly payments to a lender, with a reverse mortgage, the lender pays you. The loan is repaid when the borrower moves out, sells the home, or passes away.

Two Main Types of Reverse Mortgages
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At Equitable Lending, we offer both FHA-insured and proprietary reverse mortgage solutions:

1. FHA-Backed HECM (Home Equity Conversion Mortgage)

• Government-insured by the Federal Housing Administration (FHA)

• Available to homeowners age 62 or older

• Must live in the home as your primary residence

• No monthly mortgage payments required (borrower must still pay property taxes, insurance, and maintain the home)

• Loan proceeds can be taken as a lump sum, line of credit, monthly payments, or a combination

• Includes non-recourse protection, meaning you’ll never owe more than the value of your home
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2. Proprietary Reverse Mortgages

• Offered through private lenders (not FHA-insured)

• Available to homeowners as young as 55 in some states

• Designed for homes that exceed FHA lending limits

• May offer larger loan amounts than HECMs

• Ideal for those seeking flexible features or higher payouts

​Is a Reverse Mortgage Right for You?

A reverse mortgage can be a powerful financial tool for older homeowners who want to:

• Supplement retirement income

• Pay off existing mortgage or debt

• Cover healthcare costs

• Make home improvements

• Age in place with financial peace of mind

It’s important to understand how reverse mortgages work and whether they align with your long-term goals.
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📞 Have questions or want to explore your options?
Contact Equitable Lending today for a free consultation with one of our reverse mortgage specialists.