Reverse Mortgage Payout Options

You can receive your reverse mortgage funds in several ways:

1. Lump Sum

• Get up to 60% of your available funds at closing
• Good for big expenses or paying off existing mortgage

2. Monthly Term

• Fixed monthly payments for a set period
• Good for planned retirement income

3. Monthly Tenure

• Payments for as long as you live in the home
• Guaranteed income floor

4. Line of Credit

• Draw funds as needed, when needed
• Unused credit GROWS over time (3-4% annually)

5. Combination

• Mix of any of the above — e.g., some now, rest in credit line

Compliance Notice: Borrowers must be 62 years of age or older. HUD-approved counseling is required. A reverse mortgage is not a government benefit. The loan becomes due and payable when the last surviving borrower no longer occupies the home as their primary residence or fails to meet the obligations of the mortgage.