You have worked so hard to build wealth in your home. It is important to familiarize yourself with reverse mortgage products and choose the best one that will fit your unique situation.

Currently, there are three reverse mortgage products available.

• Home Equity Conversion (HECM) – A government-insured program, the most popular of the reverse mortgage products. HECM is subject to HUD/FHA lending available.
• Fannie Mae Home Keeper – A government-sponsored program which can be used for home purchase. This program is subject to the Fannie Mae lending limit.
• Cash Account – This program focuses on higher value homes. This product has virtually no maximum lending limit to deliver all the flexibility, leverage and control to secure your financial future.

Proceeds from a reverse mortgage may be received as a lump sum of cash, monthly income, line of credit or a combination of any of these. The amount of the reverse mortgage you are eligible for depends on your age, the type of reverse mortgage chosen, appraised value of the home, the maximum lending limit and current interest rates.

All three reverse mortgage products have numerous built-in consumer protection features, so you can be confident about your decision. Mandatory third-party government-approved counseling and rate caps on all products are consumer protections built into these programs, just to name a few.