Receive Your Funds Your Way
Choose the payment option that fits your needs and your retirement goals.
A reverse mortgage gives you the flexibility to receive your funds in the way that works best for you. You can choose one option or a combination of options — and you can change your mind later.
It’s your equity. You decide how to use it.
Ways to Receive Your Reverse Mortgage Funds
Lump Sum
(When Available)Receive a portion of your funds upfront as a lump sum for large expenses, debt payoff, home improvements, or other financial needs.
Growing Line
of Credit
The unused portion may grow over time at the same rate as your loan’s interest and MIP — giving you more financial flexibility for the future.
Monthly
Payments
Receive steady monthly payments for predictable income you can count on to help with everyday living expenses.
Combination
of Options
Combine two or more payment options to create a personalized solution that fits your unique needs.
Why It Matters
- You stay in control of how and when you use your funds.
- Options are designed to adapt to your changing needs.
- There are no required monthly mortgage payments.
- You keep more of your money working for you.
Ideal For Clients Who:
- Want flexibility in how they access their equity
- Need extra cash now but want options for later
- Prefer predictable monthly income
- Want a customized plan that fits their lifestyle
- Value choices and peace of mind
Important Notes
- Not all options are available for every borrower.
- Lump sums are limited and based on your age, home value, and interest rates.
- You can switch or modify payment options, subject to program conditions.
- Your loan balance grows over time as funds are used.
- You remain responsible for property taxes, homeowners insurance, and home maintenance.
A Reverse Mortgage Does Not Remove Homeowner Obligations
You continue to own the home, and you continue to carry the responsibilities that come with owning it. Meeting them is what keeps the loan in good standing.
Primary Residence: You must continue living in the home as your primary residence.
Taxes and Insurance: Property taxes and homeowners insurance must be kept current.
Home Maintenance: The home must be maintained according to loan requirements.
Loan Balance: Interest and fees are added to the loan balance over time.
If these obligations are not met, the loan may become due and payable.
Common Questions
Can I combine payout options?▾
Yes. Many borrowers combine options, such as a partial lump sum with a line of credit, subject to program rules and availability.
Can I change my payout option later?▾
In many cases, yes. Payment plans can often be modified after closing, subject to program conditions.
Is a full lump sum always available?▾
No. Lump-sum availability is limited and based on factors such as your age, home value, existing mortgage balance, and current interest rates.
Which Option Fits Your Retirement Plan?
I’ll help you understand all your reverse mortgage options, how each payment choice works, and which combination may best support your retirement goals. If helpful, I can also prepare a case illustration showing your personalized options.
Schedule My Reverse Mortgage Consultation →
