Your equity.
Your next chapter.
Explore reverse-mortgage options with AREG. Get a personal explanation of eligibility, costs, and what the loan could mean for your home and family.
What is a reverse mortgage?
A reverse mortgage lets eligible homeowners borrow against their home equity. The balance generally grows as interest and fees are added. It is a loan secured by your home, so understanding the long-term cost matters.
Who may qualify for a HECM?
The FHA-insured Home Equity Conversion Mortgage (HECM) is generally for homeowners age 62 or older. Eligibility includes sufficient equity, using the property as your principal residence, a financial assessment, and counseling with a HUD-approved counselor. Ask AREG which programs are available for your property and state.
What responsibilities remain?
You must keep up with property taxes, homeowners insurance, and home maintenance, and meet the loan’s occupancy requirements. The loan generally becomes due when the last borrower dies or permanently moves out, subject to applicable protections for eligible non-borrowing spouses. Failing to meet loan obligations can also trigger repayment.
What should I have ready?
- Your goals, property address, and current mortgage balance.
- Recent mortgage, property-tax, and insurance statements.
- Questions about fees, repayment, heirs, and alternatives.
Your team will provide the program-specific checklist and a secure way to share personal documents. Reverse-mortgage costs and eligibility need separate review; general mortgage promotional terms do not establish a reverse-mortgage offer.
Learn before you decide.
Read the CFPB’s explanations of reverse mortgages, HECM eligibility, and when repayment is required. Educational content reviewed September 24, 2026.
A question shouldn’t
slow down a closing.
Brooke and John are here for the “can we?” questions. Bring a loan scenario, ask what to collect, or get help choosing your next step.
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