“My house has been my home for most of my life. I can’t leave, but I can’t afford to stay.”

You live in a home that you’ve watched increase in value for years. You find it difficult keeping up with bills and healthcare expenses. You’re faced with a dilemma: sell the house—your home, which really doesn’t have a price tag—or continue to live in it and watch your financial burden increase. Now imagine this dilemma resolved.

Enter the reverse mortgage.

A reverse mortgage allows you to draw on the equity in your home without having to sell it. A “reversal” of a conventional mortgage where you would pay monthly payments, a reverse mortgage is a loan that pays you monthly payments. The loan is repaid only when you either sell your home or no longer live there as your principle residence. You can use the cash payments as you wish: to supplement your retirement income, make home improvements, pay bills, or take a trip to Hawaii! It’s all up to you.

Deciding whether or not go forward with a reverse mortgage is a big decision. If you are still learning about reverse mortgages may we direct you to our Top 10 Reverse Mortgage Questions. Here you will learn all the ins-and-out of what to expect from a reverse mortgage. To learn how much you quality for, go to our Reverse Mortgage Loan Calculator. It’s a quick and easy way to take the first step in determining if a reverse mortgage is right for you.