As the financial needs of retirees evolve, so do the tools available to help homeowners unlock the value of their homes. One of the most innovative options for older homeowners today is a Reverse Mortgage—a flexible financial product designed to supplement retirement income without interfering with an existing mortgage.

What Is a Reverse Mortgage?

A Reverse Mortgage is a proprietary loan available to homeowners aged 55 and older. Unlike traditional reverse mortgages, this product is designed to work in tandem with your existing mortgage—it functions as a second lien, allowing you to access your home’s equity without having to refinance or pay off your current loan.

This added layer of flexibility makes a second mortgage ideal for those seeking additional funds for retirement while preserving the terms of their first mortgage. Read More Reverse Mortgage A Smart Option for Aging in Place