Reverse mortgages were designed to help homeowners, 62 and older, remain in their homes and enhance retirement. It is a non-recourse loan that can release your home's equity and convert it into tax-free income. There are no restrictions on the use of funds, the borrower continues to own and control the property, and payments are no longer required for as long as the borrower remains in the home.

Whether your goal is to augment income, pay for future medical expenses or long-term care, or to simply enjoy the freedoms that make retirement worthwhile, unleashing home equity can be the key to a secure and well-planned retirement..