What is a Reverse Mortgage?

A reverse mortgage is a loan against the equity in your home that you do not have to pay back as long as you live there. It enables you to turn the value of your home into cash without having to move or make loan payments.

Who is eligible?

If you are 62 years of age or older and you have equity in your home, you may be eligible for a reverse mortgage.

In order to be considered for this type of mortgage, the U.S. government requires that you participate in a reverse mortgage counseling session and that you received a counseling certificate from a HUD approved non-profit agency like Navicore.

Reverse Mortgage Counseling

During reverse mortgage counseling session, a counselor will explain how reverse mortgages work, including how you can access your equity, costs, tax implications, benefits and drawbacks. The goal is for you to understand your options so you can make an informed decision on whether a reverse mortgage is right for you. Our reverse mortgage counselors can meet with you in person or by phone.

Learn more:

Use Your Home to Stay at Home© is the official federally approved consumer booklet for homeowners considering tapping their home equity using a reverse mortgage.  The guide also provides information on other available housing and home equity options.

Download the free guide in English here.

Download the free guide in Spanish here.

If you or someone you know is interested in a reverse mortgage, please call us at or email us at 1-866-855-7736 or email us at Housing@navicoresolutions.org.