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Retire on your terms

Think you need to sell your home just because you're getting older? Think again. With a NAF Reverse mortgage, you can retire with wisdom, grace, and stay in the home you love.

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What's a Reverse Mortgage?

A Reverse mortgage converts your home equity into cash, turning your home into your own personal ATM. You can use it as a strategic financial tool to fund your bucket list, manage expenses, pay off debt, or just spoil your grandkids.

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Hip grandma with kids
Smiling senior woman on a drive in a convertible

Benefits of a Reverse Mortgage

  • No credit score qualification
  • No debt-to-income ratio
  • Provides greater freedom once you retire
  • Retain your savings
  • Increase cash flow
  • Stay in the home you love
  • Tax-free money

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Reverse Mortgage Myths

Myth: Negative Equity

Some believe that borrowers can owe more than the value of the home — not true. A Reverse mortgage is a non-recourse loan, meaning the borrower or their estate will never owe more than the home's value at the time of the loan is due.

Myth: High Fees

High fees are for the birds. Reverse mortgage fees are not typically any higher than the comparable traditional mortgages.

Myth: Limited Use of Funds

You can use the funds from a Reverse mortgage for any purposes. Yep, anything. Including paying off existing mortgages, home renovations or just daily expenses.

Myth: Heirs Inheriting Debt

With a Reverse mortgage you won't pass down any debt. If the home is said to repay the reverse mortgages, heirs can inherit any remaining equity. They are not responsible for repaying the loan if the loan balances exceeds the home value.

Myths: My home will be foreclosed

As long as the borrower meets the loan obligations, such as paying property taxes, homeowners' insurance and maintenance of the home, the borrower cannot be foreclosed on.

Myth: Only for desperate situations

Clearly false. In fact, a Reverse mortgage can be a strategic financial tool for retirees looking to supplement their income, manage expenses, or enhance their retirment lifestyle.

How much can you borrow?

Let's find out. Use our mortgage calculator to see what you could potentially borrow.

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