A reverse mortgage lets you unlock the wealth you've built in your home while you keep living in it — and keep owning it. Get your free personalized estimate in under 60 seconds.
*A reverse mortgage must be repaid when the last borrower leaves the home. Borrowers must keep current on property taxes, homeowners insurance, HOA dues (if applicable), and home maintenance. Loan proceeds are generally not considered taxable income; consult a tax advisor. Estimate is for illustration only and is not a loan offer or commitment to lend.
Free personalized estimate — no obligation, no SSN.
Three straightforward steps — and you're in control the entire way. No obligation until you say so.
Use the 60-second form above to see how much of your home's equity you could access. No SSN, no credit pull, no commitment.
A licensed reverse mortgage expert reviews your numbers, answers every question, and — if it's a fit — you'll complete a short HUD-approved counseling session so you decide with total confidence.
Choose a lump sum, monthly payments, or a growing line of credit. Your existing mortgage (if any) is paid off first — the rest is yours to use however you wish.
There are no restrictions on how you spend your proceeds. Here's how families like yours typically put their equity to work.
Pay off your existing mortgage and free up hundreds — often thousands — in monthly cash flow.
Fund medical bills, prescriptions, or care that lets you age comfortably in your own home.
Consolidate high-interest balances into one solution with no required monthly repayment.
Replace the roof, remodel the kitchen, or add safety features — without draining savings.
Set up monthly proceeds or a standby line of credit so savings and Social Security stretch further.
Gift a grandchild's tuition, travel, or simply stop worrying about the rising cost of living.
A reverse mortgage is a loan secured by your home, not a sale. The title stays in your name, you can never owe more than the home is worth (non-recourse protection), and any remaining equity goes to you or your heirs.
"I was skeptical — I'd heard the myths. My specialist patiently walked me through everything, and the HUD counselor confirmed it all. Now the $1,400 I used to pay on my mortgage stays in my pocket every month."
"Closing took 24 days start to finish. They returned every call the same day, and there were zero surprises at the table. My wife and I finally remodeled the kitchen we've put off for fifteen years."
"After my husband passed, the numbers just didn't work anymore. The line of credit gave me breathing room without selling the home we raised our kids in. I only wish I'd done it sooner."
No jargon, no pressure — just the facts you deserve before making any decision.
No. You keep the title to your home, exactly as you do today. A reverse mortgage is simply a loan secured by the property. You can sell, refinance, or pay it off at any time — and your heirs inherit whatever equity remains.
It depends on four things: the age of the youngest borrower, your home's appraised value, current interest rates, and any existing mortgage balance. Generally, the older you are and the more your home is worth, the more you can access. Our average homeowner unlocks around $96,000 — use the estimator above for your personalized ballpark.
Correct — monthly mortgage payments are optional, not required. The loan is repaid when the last borrower sells, permanently moves out, or passes away. You must stay current on property taxes, homeowners insurance, and basic maintenance to keep the loan in good standing.
Eligible spouses can remain in the home for life, even if they aren't a borrower. When the loan comes due, your heirs can repay it (usually by selling the home) and keep any remaining equity — or walk away owing nothing, because HECM loans are non-recourse: you can never owe more than the home's value.
Reverse mortgage proceeds are loan advances, not income, so they generally don't affect Social Security or Medicare benefits — and they're typically not taxable. Needs-based programs such as Medicaid or SSI can be affected, so we always recommend reviewing your situation with a benefits advisor.
Yes. This form uses 256-bit encryption, we never ask for your Social Security number to provide an estimate, checking your eligibility won't impact your credit, and we never sell your personal information. You'll only hear from South River Mortgage about your quote.
Our average homeowner unlocks $96,000 with a reverse mortgage. This plain-English guide shows you exactly how the program works, the pitfalls to avoid, and the questions to ask any lender — including us.
Enter your email and we'll send the guide straight to your inbox — plus your personalized estimate if you've completed the form above.
Find out what you qualify for in under a minute — or talk it through with a friendly, licensed specialist right now.
Specialists available Mon–Fri 8am–8pm ET · Sat 9am–3pm ET · Free, no obligation, no pressure — ever.