Reverse Mortgage (HECM), explained in plain language.
Turn the equity you already built into monthly income, a line of credit, or a lump sum — and keep living in your home. Leila walks you through every step, with no jargon and no pressure.
Your paid-off home can keep working for you.
A Reverse Mortgage — technically a HECM (Home Equity Conversion Mortgage) — is a loan insured by HUD/FHA for homeowners 62 or older. It lets you convert part of the equity in your home into money, without selling and without moving out.
You keep the title to your home. There are no monthly mortgage payments to make while you live there — the loan is repaid later, when the home is sold, when you move out permanently, or through your estate. You remain responsible for property taxes, insurance, and upkeep.
What you get
Monthly income, a growing line of credit, or a single lump sum — you choose how to receive it.
Who it is for
Homeowners 62 or older with significant equity who want more room in their monthly budget.
How Leila helps
She explains the numbers, the requirements, and the trade-offs, step by step, in your language.
What to know before you decide.
- You keep your home. The title stays in your name and you continue living there.
- No monthly mortgage payments while you live in the home. You still pay property taxes, insurance, and maintenance.
- Repaid later. The balance is due when the home is sold, when you move out permanently, or through your estate. Heirs can keep the home by settling the loan.
- HUD counseling is required. Every applicant completes an independent HUD-approved counseling session before closing — Leila guides you to it.
- 2026 federal limit: up to $1,249,125 per HECM contract. The amount you qualify for depends on your age, your home value, and current rates.
Reverse Mortgage, answered.
Do I lose ownership of my home?
No. You keep the title and continue living in your home. The lender does not own your home — it is a loan against your equity.
Do I have to make monthly payments?
Not while you live in the home. You remain responsible for property taxes, homeowners insurance, and upkeep, but there are no monthly mortgage payments.
What happens to my heirs?
Your heirs can keep the home by repaying the loan balance, or sell it and keep any remaining equity. Because a HECM is FHA-insured, they never owe more than the home is worth.
Is there a minimum age?
Yes. You must be 62 or older to qualify for a HECM.
Do I need to speak English?
No. Leila serves you in Portuguese, Spanish, or English, and translates every requirement into a plain conversation.
See if a Reverse Mortgage fits your situation.
Leave your details and Leila explains your options, with no pressure and no obligation.