Housing equity has risen by a massive 55% since 2012.

That is according to the December Housing Scorecard released by the U.S. Department of Housing and Urban Development.

It’s a comfort and security to know that you are presently at serious equity levels that are growing by the day. This is the reward for making the right decision and investing in your property.

However, this comfort does little for your day-to-day living costs when things get tight, expenses come up or you simply want to spend some hard earned money on yourself and your family.

At times, building your property wealth may have come at a sacrifice to your lifestyle and ability to make other investments or savings, becoming asset-rich, cash-poor.

Recent changes and new guidelines to the FHA HECM ‘Reverse Mortgage’ program have made it easier for homeowners to safely access the cash they have built up in their home. The savings you never knew you had.

Like a regular mortgage, you keep ownership of your home and your name remains on the title. 

Unlike a regular mortgage there are no monthly mortgage payments to make. 

You are free to spend the money that you used to send to your mortgage lender as you wish, and even without making monthly mortgage payments you may never owe more than the value of your property at the time your reverse mortgage comes due.

Retirees are getting creative in how they spend the money they release. The theme is usually around planning for the future through:

•Retiring the regular mortgage and eliminating those monthly payments – freeing up more money to spend on the things that matter to you.

•Helping loved ones with an ‘early inheritance’ by gifting money for weddings, property, tuition and starting a new family.

•Making retirement savings last longer and supplementing your household cash flow.

•Delaying the receipt of Social Security benefits so there is more to access from them when you finally do.

•Avoiding badly timed sales of other investments.

There have been significant improvements in products recently, with more consumer protection added by the CFPB and the Federal Housing Administration. However, there are new requirements on the horizon that might make it harder for you to qualify for an FHA reverse mortgage. 

If you have considered this idea before, are a new enquirer, or want to get started ahead of the stricter qualification process, call us to see how much you could release from your property on 1-800-792-1936.


Responsible Reverse Mortgage Inc is a licensed Florida Mortgage Broker incorporated in the State of Florida and has its registered address at: P300, 515 N Flagler Drive, West Palm Beach, FL 33401. NMLS#1212765 

Reverse Mortgages are neither “endorsed” nor “approved” by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans.