Home For Life Reverse Mortgage Inc.

Supplement Your Retirement Plan with a Reverse Mortgage Loan

Homeowners age 62 & older can convert their home equity to cash & be better prepared for the future.

Are you curious about how much equity you can access through a reverse mortgage? Use our free calculator to get an instant estimate based on your home’s value, your age, and current interest rates.

How It Works

  1. No monthly mortgage payments (Borrower must continue to pay property taxes, homeowner’s insurance, and home maintenance costs.)
  2. Purchase a home with lower cash investments than a cash purchase.
  3. Pay off existing mortgage or other debts.
  4. Increase monthly cash flow or have a standby line of credit.
  5. Repair or remodel your home.
  6. Delay Social Security or Pension payouts.
  7. Cover health care expenses and prescription costs .
  8. Help with a divorce settlement.
  9. Helps insulate you from inflation.
  10. Maintains a standby reserve to give you options during market volatility.
  11. Help pay for taxes and or insurance.
This calculator does not approve you for a loan and is not an offer to make a loan to you. The estimates are based on the average current interest rate for a Home Equity Conversion Mortgage.

Benefits for Parents – and Peace of Mind for You

A reverse mortgage can improve your parent’s quality of life, allowing them to:
As an adult child, this can bring peace of mind knowing your parent has the resources they need while preserving their dignity and independence.