Reverse Mortgages | Finance West Lending
Unlock Home Equity in Retirement
At Finance West Lending, we help homeowners age 62 and older turn their home equity into financial freedom with a Reverse Mortgage. Also known as a Home Equity Conversion Mortgage (HECM), this powerful loan program allows you to access cash, eliminate monthly mortgage payments, and stay in your home—all while maintaining ownership.
For many retirees, a reverse mortgage is a smart way to supplement retirement income, cover medical expenses, or simply enjoy more financial flexibility.
Key Features of Reverse Mortgages
No Monthly Mortgage Payments – You remain responsible for property taxes, homeowners insurance, and maintenance, but your mortgage payments stop.
Access to Cash – Receive funds as a lump sum, monthly payment, or line of credit.
Stay in Your Home – You retain ownership and can live in your home as long as it’s your primary residence.
Federally Insured (HECM) – Backed by the FHA for added security.
Flexible Use of Funds – Cover living expenses, healthcare, home improvements, or travel.
Benefits of a Reverse Mortgage
Supplement Retirement Income – Turn your home equity into steady cash flow.
Eliminate Monthly Mortgage Payments – Free up your budget for other priorities.
Financial Security – Use funds for medical bills, in-home care, or emergencies.
Flexibility for Heirs – Your home can still be passed down, with heirs able to repay the loan or sell the property.
No Loan Repayment Until You Move Out or Sell – Repayment happens only when you no longer live in the home.
Who Qualifies for a Reverse Mortgage?
You may be eligible for a reverse mortgage if you:
Are 62 years or older.
Own your home outright or have significant equity.
Live in the home as your primary residence.
Stay current on property taxes, insurance, and maintenance.
Reverse Mortgage vs. Home Equity Loan or HELOC
No Monthly Payments – Unlike HELOCs or home equity loans, a reverse mortgage doesn’t require monthly repayment.
Access Without Selling – Stay in your home while unlocking equity.
Long-Term Flexibility – Funds can be structured to fit your needs, not just a lump sum with fixed payments.
Is a Reverse Mortgage Right for You?
A reverse mortgage could be the right choice if you:
Want to stay in your home while improving cash flow.
Need additional income in retirement.
Prefer the option of no monthly mortgage payments.
Want to use your home equity to enjoy retirement on your terms.
Why Choose Finance West Lending?
At Finance West Lending, we provide trusted guidance for seniors and their families. Our team ensures you understand every detail and make the decision that’s right for your financial future.
We’ll help you:
Explore reverse mortgage eligibility.
Understand your payout options.
Compare a reverse mortgage with other retirement strategies.
Navigate the process with clarity and transparency.
Start Your Reverse Mortgage Consultation Today
Take control of your retirement with a Reverse Mortgage from Finance West Lending. Our specialists are here to answer your questions and guide you through every step.