A reverse mortgage lets homeowners 62+ convert equity to cash with no monthly payment, while keeping title to their home. It’s non-recourse, requires HUD counseling, and you must keep taxes, insurance, and upkeep current.
The essentials
Below are the most common questions. For anything specific to your home and goals, a quick call gets you a personalized answer — there’s no obligation.
Frequently asked questions
Do I still own my home with a reverse mortgage?
Yes. You keep title. The loan is repaid when the last borrower sells, permanently moves out, or passes away.
When does the loan have to be repaid?
When the last borrower permanently leaves the home — by selling, moving out for 12+ months, or passing away. Heirs can repay and keep the home or sell it.
Can I owe more than my home is worth?
No. HECMs are non-recourse — you or your heirs never owe more than the home’s value at repayment.
Is a reverse mortgage a good idea?
It depends on your goals. It fits homeowners who want to stay long-term and eliminate a payment or build a standby line of credit. We’ll give you an honest assessment.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.