Reverse Mortgages

It’s time to start thinking in Reverse

A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash.

The equity that built up over years of home mortgage payments can be paid to you! Unlike a traditional home equity loan or second mortgage, no repayment of the loan is required, as long as the borrowers complies with the terms of the loan. The newer, safer, reverse mortgage is called a Home Equity Conversion Mortgage (HECM), and is insured by the Federal Housing Administration (FHA). Over ninety percent of all reverse mortgages are HECMs. The FHA sets limits on how much a HECM reverse mortgage lender may lend you, some factors they might consider are:


Home’s Value

Loan Costs

Buy your next home without any mortgage payments using a Home Equity Conversion Mortgage

You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing. Nationwide Equities examined all aspects of the reverse mortgage to identify multiple opportunities that enhance benefits and reduce cost. As a result, we now offer variable and fixed rate HECMs within our suite of HECM products.


Reverse Mortgage Calculator
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How Much Money Are You Eligible For?

The equity that built up over years of home mortgage payments can be paid to you! Find out how much money you’re eligible to receive with a reverse mortgage.

  • All information is strictly confidential.

Who Qualifies?

Be at least 62 years of age

Borrowers must live in the home as their Primary Residence

Own the property outright or paid-down a considerable amount

Have financial resources to continue to make timely payment of ongoing property charges such as property taxes, insurance and Homeowner Association fees, etc.

What Our Customers Are Saying

  • We are deeply grateful to Nationwide Equities for helping us lift a huge weight off of our shoulders! Everything worked exactly as you explained and we could not be happier. After 50 years of marriage, we are finally taking our first trip to California and aren’t stopping there! Thank you for making that possible.

    William S. Pennsylvania
  • Getting a reverse mortgage was the best thing we ever did. My wife and I were worried we weren’t going to be able to afford to stay in our home after retirement. It freed up enough money for all of our living expenses and we were even able to make some improvements to the house! The people at Nationwide Equities explained all of our options and were there for us when we decided to choose a reverse mortgage.

    Harry C. New Jersey

Did you know?


Americans with No Retirement Savings


Fear They’ll Run Out of Retirement Savings


65 & Older Relying on Social Security Alone

Frequently Asked Questions

*Click on the question tab once to reveal answers

Do I have to pay taxes on this money?

No! The money from a Reverse Mortgage is considered loan proceeds and therefore is not considered income. We do, however, highly suggest speaking with a tax advisor.

Can I ever owe more on the property than it’s worth?

It’s possible, but you or your children will not be held responsible. The Reverse Mortgage is insured by the Federal Housing Administration. This means the loan is non-recourse, so in the event you owe more than the house is worth, the F.H.A. picks up the tab.

Do my spouse and I both have to be 62?

No. Please be sure to inform your loan officer if your spouse is 62 or under.

Can I make payments on my Reverse Mortgage?

Absolutely! Many seniors use the Reverse Mortgage to pay off a current mortgage then set up their own payment schedule to pay off the Reverse. Since you’re not required to make monthly mortgage payments, you choose when and how much you pay.

Why should I get a reverse mortgage?

      • Supplement retirement income
      • Pay existing mortgage and debts
      • Make home improvements and repairs
      • Purchase a second vacation home
      • Travel to visit family & friends or vacation
      • Help out financially struggling family members

What type of properties can I use a HECM on?

The following are eligible property types must meet all FHA property standards and flood requirements:

  • Single family home or 2-4 unit home with one unit occupied by the borrower
  • HUD-approved condominium project
  • Manufactured home that meets FHA requirements

Talk to a Reverse Mortgage Expert Today

We’re here to answer any questions or concerns you may have about a Reverse Mortgage. Call us direct or fill out the form on the contact page to have a reverse mortgage specialist contact you.