What is a reverse mortgage?

Real EstateWarren TeamPublished April 25, 2026

Quick answer

A reverse mortgage lets homeowners 62+ borrow against home equity without making monthly payments. Interest accrues; loan is repaid when the home is sold, the borrower dies, or moves out. Most are HECMs (federally insured).

Reverse mortgage flow: borrow against home, repaid at sale.

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