We're #1 in Reverse Refinancing!
No one has handled more reverse mortgage refinances than us!*
Borrowers should always look to see if they can improve on their current reverse mortgage. With home values on the rise and program updates, borrowers may be able to access more equity and reduce monthly costs. Borrowers can refinance traditional and private reverse mortgages. Here are some reasons why you may want to refinance:
Access additional funds: Based on your age and property value, you may qualify for additional funds.
- Important: If you currently have a HECM reverse mortgage and your home value exceeds the FHA lending limit of $765,600, you may be able to refinance into an EquityPower reverse mortgage with loan limits up to $4 million!
Eliminate your mortgage insurance premium: If you refinance from a HECM to EquityPower reverse mortgage, we can eliminate your mortgage insurance premium payment.
Lower your interest rate: Keep your balance as low as possible by making sure you have the lowest interest rate.
Add spouse to loan: If your spouse was not included on the initial loan, you may want to add a spouse to the loan to secure greater protection.
Change terms: You can modify your loan terms and disbursement options by refinancing.
Reverse Refinance FeaturesHere's why refinancing may be right for you.
- Access additional funds (EquityPower now has loan limits up to $4 million!)
- Lower or eliminate your mortgage insurance premium
(Depending on reverse program)
- Lower your current interest rate
- Change to Fixed or Adjustable
- Add spouse to your reverse mortgage
- Must have sufficient equity in the home
- Fast turn times
The #1 Reverse Refinance Lender in the Country
We’ve helped more borrowers with their reverse mortgage refinances over any other lender in the country.*
Reverse Refinance FAQ's
Find answers to some of the most common questions about reverse mortgage refinance loans.
Speaking with a loan officer is the best way to determine if you are eligible for a reverse mortgage refinance. However, in order to refinance, there must be a clear benefit to the borrower.
There are differences in qualification requirements depending on the type of reverse mortgage loan you are refinancing into. A loan officer can go over which programs you qualify for and how much you can receive.
Yes! Many people are refinancing their HECM reverse mortgages to EquityPower loans to eliminate their MIP cost and access additional funds. See if you qualify today by connecting with one of our loan officers.
Many people are being charged MIP each month with a HECM reverse mortgage. By refinancing into an EquityPower reverse mortgage, you can eliminate your MIP cost entirely!
Yes, an appraisal will be required to refinance your home.
*Source: reversemortgagealert.org – Referring to HECM refinances