Turn Your Home’s Equity Into Peace of Mind
At Hall Solutions, we know retirement should be about enjoying life—not stressing over finances. If you’re 62 or older, a reverse mortgage can help you access the equity in your home to cover expenses, boost your income, or simply give you more financial freedom—without giving up ownership or adding a monthly mortgage payment.
What’s a Reverse Mortgage?
Think of it as a way to put your home to work for you. Instead of you paying the bank every month, the bank pays you. You stay in your home, keep the title in your name, and get extra funds to use however you need.
How It Works
- Choose how you’d like to receive the money: a lump sum, monthly payments, or a line of credit.
- You don’t make loan payments as long as you’re living in your home.
- The loan is repaid later—when you sell, move, or pass away.
- Your heirs can decide to keep the home (by refinancing) or sell it.
Why Homeowners Choose Reverse Mortgages
- No monthly mortgage payments
- Tax-free cash (always check with your tax advisor)
- Keep full ownership of your home
- Use the funds your way—medical costs, renovations, everyday expenses
- Doesn’t affect Social Security or Medicare benefits
- Flexible payout options to fit your needs
The Main Types Available
- HECM (Home Equity Conversion Mortgage): The most common type, insured by the FHA.
- Proprietary Reverse Mortgage: For higher-value homes, offered by private lenders.
- Single-Purpose Reverse Mortgage: Often through state or nonprofit programs, for specific uses like home repairs.
Who Qualifies?
- Age 62 or older
- Own and live in your home as your primary residence
- Have enough equity in your home
- Home must meet FHA standards (for HECM loans)
Why Work With Hall Solutions?
We believe financial decisions should feel empowering—not overwhelming. That’s why we guide you step by step, answer your questions honestly, and help you explore whether a reverse mortgage is the right fit.
- Straightforward advice (no jargon, no pressure)
- Competitive rates with transparent costs
- Tailored solutions based on your goals
- A partner you can trust every step of the way