Equity Solutions for Aging-in-Place

Myths vs. Facts About Reverse Mortgages

  • Myth: You lose ownership of your home.
    Fact: You remain the homeowner while unlocking equity.

  • Myth: The bank can take your home.
    Fact: As long as you live in your home, pay taxes and insurance, and keep it maintained, it stays yours.

  • Myth: Your children will be left with debt.
    Fact: Reverse mortgages are federally insured, so heirs never owe more than the home’s value.

  • Myth: They’re only for people in financial trouble.
    Fact: Many families use them as financial planning tools to create flexibility and peace of mind.

What is a Reverse Mortgage?

A reverse mortgage allows homeowners age 62+ to access part of their home equity without selling or making monthly mortgage payments. You keep ownership of your home while gaining financial flexibility and stability.

What is a Reverse to Purchase?

A Reverse to Purchase is a powerful tool that allows older adults (62+) to purchase a new home using a reverse mortgage. Instead of paying cash in full or taking on a traditional mortgage, you use a combination of a down payment (from the sale of your existing home) and a reverse mortgage to finance your purchase.

This option can:

  • Eliminate monthly mortgage payments while keeping ownership of your new home

  • Right-size your living space, move closer to family, downsize, or choose a home that better fits your needs

  • Free up savings by reducing the amount of cash needed upfront

  • Support aging in place safely by allowing you to choose a home with accessible features or fund modifications

With Reverse to Purchase, you can transition into a home that better supports your lifestyle while keeping financial flexibility and peace of mind.

👉 Want to know if Reverse to Purchase is right for you? Schedule Your Consultation

How Equity Can Help You

  • Fund home modifications for safety and accessibility

  • Cover in-home care or health expenses

  • Support downsizing into a safer or smaller home

  • Take a much-needed vacation or enjoy retirement more fully

  • Reduce monthly financial strain

  • Provide security to age where you feel most comfortable

Why Work With Seniors Home Zone

Rebecca Finegan is a Reverse Mortgage Specialist with Veterans Mortgage of America. She guides families with clarity and care, helping them understand all options before making decisions. You can also visit her mortgage site to learn more.

👉 Visit Rebecca’s Reverse Mortgage Page

Next Step

Curious if a reverse mortgage is right for you or your loved one, schedule your consultation?