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Revhome is your resource for Reverse Mortgages, new home purchases, cashout/rate reduction refinances and home equity products. Take the stress out of your next mortgage decision. We will compete to win your trust and find the best interest rate options.
How it works- Reverse Mortgage
Simple, transparent, and on your timeline.
1) Check eligibility
You’re typically 62+ with sufficient equity. We run a soft-pull precheck and a quick equity model.
2) Choose your plan
Lump sum, monthly payout, or line-of-credit that grows. We tailor to your goals.
3) Close & breathe
We pay off your existing mortgage first. You stay in the home, keep the title, and skip monthly principal & interest payments. FHA-insured options • You keep the deed • Payoffs when you move or sell
Myths vs Truths
No smoke. Just facts.
Myth: The bank takes my home.
Truth: You keep the title. The loan is repaid when you move, sell, or the last borrower leaves the home.
Myth: My kids will be stuck with a bill.
Truth: It’s a non-recourse loan. Heirs never owe more than the home’s value when sold.
Myth: I’ll owe monthly payments.
Truth: No monthly principal & interest required. You must still pay taxes, insurance, and maintain the home.
Myth: It’s only for people in trouble.
Truth: Many retirees use it as a financial strategy—buffer assets, delay Social Security, or fund renovations.
Eligibility at a glance
Common Requirements
- Age 62+ (for HECM)
- Primary residence (live in the home)
- Sufficient equity / acceptable property type
- Ability to keep taxes, insurance, and maintenance current
Smart Uses
- Pay off your existing mortgage to free monthly cash flow
- Fund in-home care or renovations to age in place
- Create a standby line of credit as a market buffer
- Purchase your next home with a Reverse for Purchase
What could your numbers look like?
We’ll run scenarios for lump-sum, monthly payout, and line-of-credit. Zero cost. Zero pressure.
Reverse for Purchase
Right-size into your next home with no monthly principal & interest payment.*
1) Set your target price
We model your down payment range and expected reverse loan proceeds for homes you love.
2) Write stronger offers
Cash-like appeal: no monthly P&I payment, flexible closing, and verified funds.
3) Close & move in
You bring the down payment, we fund the rest via the reverse mortgage. You keep the title.
For Buyers
- Age 62+ and home will be your primary residence
- Bring required down payment (varies by age & rates)
- Complete HUD counseling before closing
- Plan to keep taxes, insurance, and maintenance current
For Real Estate Agents
- Treat as cash-strong buyers with verified funds
- Include reverse-friendly financing addenda if needed
- We’ll provide buyer qualification & scenario letters
- Great for right-sizing and new-builds
Typical Funds to Close (Example)
- Purchase price: $500,000
- Required down payment: ~$250,000–$300,000 (age & rates dependent)
- Closing costs & FHA insurance: financed where possible
- Monthly principal & interest: $0 (taxes/insurance/HOA still apply)
We’ll produce a custom worksheet for your age, property type, and target price.
Discussing with Loved Ones
Reverse mortgages work best when everyone understands the plan. Use these talking points with adult children or a trusted friend.
Your Goals
- Age in place comfortably
- Free up monthly cash flow
- Set aside funds for care or upgrades
Protections
- You keep the title
- Non-recourse—no debt beyond home value
- HUD counseling before closing
What-ifs
- Moving or selling later
- How heirs handle the home
- Property taxes & insurance responsibilities
What our clients say
“I didn’t think I’d qualify. RevHome made it simple and respectful.”
“The line of credit was a lifesaver during market swings.”
“We bought our forever home with a Reverse for Purchase—payment stress: gone.”
FAQ
No. You keep the title. The loan is repaid when you move, sell, or the last borrower leaves the home.
No. HECMs are non-recourse. Heirs never owe more than the home’s value at sale.
Standard closing costs and FHA insurance apply and can be financed into the loan. We provide a full loan estimate upfront.
Yes. A Reverse for Purchase lets you combine a down payment with a reverse mortgage to right-size into your next home.
Talk to a Specialist
Book a time that works best for you.
