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

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Eliminate Mortgage Payments

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

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Retirement Income Supplement

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

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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.