Reverse Mortgages

A reverse mortgage lets homeowners 62 and older convert part of their home equity into cash — as a lump sum, monthly payments, or a line of credit — while continuing to live in and own their home. Done right, for the right situation, it's a legitimate retirement tool. Done wrong, it's an expensive mistake. Our job is to tell you honestly which one yours would be.

Program Benefits

Eliminate Mortgage Payments

For homeowners with an existing mortgage, a reverse mortgage can pay it off and eliminate the monthly payment.

Retirement Income Supplement

Access equity as income, a reserve line, or a lump sum without selling the home.

Heir Protections

Heirs can repay the balance and keep the home, or sell and keep any remaining equity. [VERIFY details with LO]

"{\"complianceNote\":\"[COMPLIANCE: Ron/licensed LO must verify all program facts. APM compliance should review this page specifically before publish. Required elements: age 62+, HUD counseling requirement, non-recourse, repayment triggers, heir treatment, not affiliated with HUD/FHA/government.]\",\"disclaimer\":\"Q Home Loans is a division of American Pacific Mortgage Corporation, NMLS #1850. Not affiliated with or endorsed by HUD, FHA, or any government agency. Borrowers must maintain property taxes, insurance, and home upkeep or risk loan repayment. Consult a HUD-approved counselor and your financial advisor before proceeding. [VERIFY exact reverse-mortgage disclaimer language required by APM.]\"}"

Requirements

Basic Qualifications

✓Age 62 or older (at least one borrower) [VERIFY current age requirement]
✓Primary residence only
✓Substantial home equity required
✓Must maintain property taxes, homeowners insurance, and home upkeep
✓HUD-approved counseling required before application
✓[VERIFY: APM compliance review required before publishing this page]

Required Documents

✓Government-issued ID (age verification)
✓Proof of homeownership and title
✓Most recent mortgage statement (if applicable)
✓HUD counseling certificate (obtained before application)
✓Last 2 years tax returns
✓Proof of homeowners insurance

Frequently Asked Questions

Get answers to common questions about Reverse Mortgages.

Do I still own my home with a reverse mortgage?

Yes — title stays with you. You must keep up property taxes, insurance, and home maintenance. Falling behind on those can trigger repayment.

What happens when I pass away?

Your heirs choose: repay the loan balance and keep the home, or sell the home and keep any remaining equity after the loan is repaid. [VERIFY details with LO.]

Can I get a reverse mortgage on a paid-off home, or if I still have a mortgage?

Both situations work. If you have an existing mortgage, it's paid off from the reverse mortgage proceeds first. [VERIFY with LO.]

How much can I access?

Depends on your age, home value, and current rates. [VERIFY factors with LO.] We'll run your exact numbers with no obligation.

Who should NOT get a reverse mortgage?

Anyone likely to move within a few years, or whose priority is passing maximum equity to heirs. If that's your situation, we'll say so — we'd rather talk you out of the wrong reverse mortgage than into it.