REVERSE
Reverse Mortgages: Unlocking Your Home’s Equity in Retirement
If you’re a homeowner aged 62 or older, a reverse mortgage can help you turn part of your home’s equity into tax-free cash—without selling your home or making monthly mortgage payments. At Barry Lends, we help seniors understand their options and make informed decisions that fit their retirement plans.
What Is a Reverse Mortgage?
A reverse mortgage is a federally regulated loan program—most commonly the Home Equity Conversion Mortgage (HECM)—insured by the Federal Housing Administration (FHA). It allows you to convert home equity into cash, which you can receive as:
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A lump sum
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Monthly payments
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A line of credit
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Or a combination of these options
You keep ownership of your home, remain responsible for property taxes, homeowner’s insurance, and maintenance, and can continue to live there as long as you meet loan requirements.
Key benefits:
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No monthly mortgage payments (borrower must still pay taxes, insurance, and upkeep)
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Flexible disbursement options
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Federally insured program with protections for borrowers and heirs
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Funds can be used for any purpose—medical bills, home improvements, supplemental income, or trave
Who Qualifies for a Reverse Mortgage?
You may qualify if:
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You’re 62 years of age or older
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You own your home outright or have a small remaining mortgage balance
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The home is your primary residence
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The property meets FHA requirements
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You complete an HUD-approved counseling session
Reverse mortgages are not for everyone—they can impact your estate and heirs—so we take the time to educate you and your family before you decide.
Let’s Get Started
As your trusted advisor, we are here to guide you every step of the way. Licensed in multiple states and a national reputation for excellence.
We’re committed to transparent, compliant lending practices in accordance with state and federal regulations. All loan applications are subject to underwriting approval. Terms and conditions apply. All REVERSE MORTGAGES are subject to underwriting approval, property eligibility, and income verification. Rates and terms may vary.
PRE-APPROVAL
Get in touch so we can start working together and get you Pre-Approved to find your dream property
