Retire the mortgage payment. Keep the home.
If you're 62 or older, a reverse mortgage turns home equity into tax-free cash — with no monthly mortgage payment required. You keep the title. You keep the home. The payment? Gone.
Let's address the elephant in the room.
This product runs on trust more than any other loan — so let's start with the four things every borrower deserves to hear upfront.
- ✓The bank does NOT take your home. You keep the title and ownership as long as you live there.
- ✓Federally insured. The HECM program is backed by federal mortgage insurance.
- ✓Independent HUD counseling required. A neutral third-party counselor walks you through it before you apply.
- ✓Non-recourse protection. You can never owe more than the home is worth — heirs included.
What a reverse mortgage can do for you.
No monthly payment required
The loan flips the normal model: instead of you paying the lender every month, the equity pays you.
Tax-free proceeds
Reverse mortgage advances are loan proceeds, not income — so the cash you receive isn't taxed as income.
A line of credit that grows
The unused credit line grows over time at the loan's rate — a compounding reserve that doesn't depend on home values.
Keep title and ownership
You remain the owner of your home. The #1 myth about this product, retired for good.
Non-recourse protection
You or your heirs can never owe more than the home is worth — even if the balance grows past the value.
HECM for Purchase
Use a reverse mortgage to buy your next primary home — downsize, relocate, or move closer to family — with no monthly payment.
The honest part.
A trustworthy lender tells you the obligations before the benefits. Here they are:
Your ongoing obligations
You still pay property taxes, homeowners insurance, and any HOA dues — and you maintain the home as your primary residence. This is the real risk of the product: failing to pay taxes or insurance can make the loan due. Paulo will never gloss over this.
What it costs
An upfront mortgage insurance premium, a HUD-capped origination fee, and standard closing costs — plus ongoing mortgage insurance as interest accrues on the balance. Every dollar is itemized for you before you decide.
Four ways to receive your funds.
Lump sum
One payment at closing — ideal for paying off an existing mortgage or a major expense.
Monthly payments
Steady, predictable cash flow for as long as you live in the home.
Line of credit
Draw when you need it. The untouched portion keeps growing over time.
Combination
Mix monthly payments with a standby line — the most flexible option for most borrowers.
Reverse mortgage FAQ
Does the bank take my home?
No. You keep the title and ownership for as long as you live in the home as your primary residence. The lender never "takes" your home — this is the most common myth about reverse mortgages, and it's simply not how the program works.
How much money can I get?
It depends on three things: the youngest borrower's age, current interest rates, and your home's value (subject to federal lending limits). Older borrowers qualify for a larger percentage of the home's value. First-year draws are capped at a portion of the total available amount.
When does it have to be paid back?
When the last borrower sells the home, permanently moves out, or passes away. Thanks to non-recourse protection, you or your heirs can never owe more than the home is worth at the time it's sold.
What does it cost?
There's an upfront mortgage insurance premium, a HUD-capped origination fee, and standard closing costs, plus ongoing mortgage insurance. Interest accrues on the growing balance. Paulo lays out every cost in plain numbers before you decide — no surprises.
Do I still have to pay taxes and insurance?
Yes — and this is the honest part every borrower must understand. You remain responsible for property taxes, homeowners insurance, HOA dues, and maintaining the home. Failing to pay them can make the loan due. Paulo won't gloss over this, because a responsible lender doesn't.
Will it affect my Social Security or Medicare?
Reverse mortgage proceeds are loan advances, not taxable income, so they generally don't affect Social Security or Medicare benefits. However, keeping large lump sums as assets can affect needs-based programs like SSI or Medicaid — worth discussing with your advisor.
What about my spouse and heirs?
Eligible non-borrowing spouses have protections under current program rules. Heirs inherit the home subject to the loan balance, but non-recourse rules mean they can never be forced to pay more than the home's value.
Who qualifies?
Borrowers 62 or older, the home must be your primary residence, and you'll complete a session with an independent HUD-approved counselor before applying — a consumer protection built into the program. Proprietary options may extend to younger borrowers and higher-value homes.
See what your home could do for you.
Start with a confidential request, or call Paulo first — questions are welcome, and there's never any pressure.