A reverse mortgage is a type of home equity loan that allows you to convert part of the equity in your house into cash while you retain ownership. Reverse mortgages work a lot like traditional mortgages, only in reverse. Instead of making payments to your lender each month, the lender pays you.

Most reverse mortgages do not require any repayment of principal, interest or servicing fees for as long as you live in your home. The loan received from a reverse mortgage can be used for nearly any purpose, including housing expenses such as taxes, insurance, and maintenance costs.

Today's senior citizens utilize reverse mortgages for a number of reasons, including payment of health or medical costs, paying off existing mortgages, conducting major house repairs, and consolidating external debt.

The NSAB can provide direction and assistance to find the best reverse mortgage solution for you. Our network includes experienced senior planning consultants from every state and major metropolitan area in the US. For a free interview, please complete the form on the right and provide basic information about your requirements.

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