Learn About Reverse Mortgages

We are proud of our reputation for dealing honestly and with the highest level of integrity when working with seniors and their advisors!

LoanWell is a member of NRMLA (National Reverse Mortgage Lenders Association) and adheres to their Code of Conduct and Best Practices Standards, created to protect seniors from predatory lending practices associated with reverse mortgages.

Reverse Mortgages allow senior homeowners to convert part of the equity in their homes into cash without having to sell their homes or take on additional monthly bills. The most common is known as the home equity conversion mortgage's (HECM) and is endorsed by the U.S. Department of Housing and Urban Development (HUD). With a reverse mortgage, you receive money from the lender and do not have to pay it back for as long as you live in your home. To qualify for a reverse mortgage, you must be at least 62 and live in your home. The proceeds of a reverse mortgage are tax-free and have no income or credit restrictions.

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