Michael Durr Presents
REVERSE
MORTGAGES.
Improve Your Life by Accessing Your Home’s Equity
Stay in the Home
You Love.
Unlike a traditional mortgage—where you make monthly payments to a lender—a reverse mortgage works in the opposite way. Instead, the lender pays you.
Repayment is typically not required until you sell the home, move out permanently, or the last borrower passes away. It's a way to remain in your home while gaining the funds you need during retirement.
Who May Qualify?
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Be 62 years of age or older
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Live in the home as your primary residence
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Have sufficient equity in your home
THREE TYPES.
Single-Purpose
Offered by government or nonprofits for specific needs like repairs or taxes. Often the lowest cost option.
HECMs (HUD)
Federally insured and most common. Flexible and widely used by eligible homeowners across the U.S.
Proprietary
Private loans for higher-value properties where access to larger equity amounts is required.
STARTED.
Find out whether a reverse mortgage could help you access your home’s equity while staying in the home you love.