The 12 Myths and Facts of the Reverse Mortgage


Learn about the requirements for a reverse mortgage and determine if it’s right for you. Where should we send your FREE booklet? Just fill out the information below and get re-directed to the booklet.

Debunking the Myths: Understanding the Benefits of
Reverse Mortgages

In our booklet, “The 12 Myths and Facts. of a Reverse Mortgage”, you will find all the information you need for this unique financial product designed for homeowners aged 62 and older.

Unlike a traditional mortgage, where you make monthly payments to a lender, a reverse mortgage allows you to convert a portion of your home equity into tax-free cash without the obligation of monthly mortgage payments.

So how do you repay the loan? Learn more about reverse mortgages by downloading your FREE booklet today!

Common Myths

The government can take my home when I die

Once I do the reverse mortgage, I am locked in and I cannot sell my house
Closing costs are high. Why FHA insurances?
Both borrowers have to be 62 years or older to qualify
I can’t use a reverse mortgage to buy a home
All single family dwellings are eligible for the reverse mortgage

Understand the myths of the reverse mortgage. Fill out the information below to get your FREE copy.

A reverse mortgage is a unique financial product designed for homeowners aged 62 and older. Unlike traditional mortgages, where you make monthly payments, a reverse mortgage allows you to convert part of your home equity into tax-free cash without monthly repayments. But how does it work?

Reverse mortgages work by converting your home equity into cash while you still own your home. The loan is repaid when you sell the home, move out, or pass away. Although, how a reverse mortgage works sounds like something sketchy, the process was passed into law to help our seniors and it’s highly regulated, in order to avoid scams or any type of fraud (all of which you can read in the booklet).


Pros and Cons of Reverse Mortgages  

Reverse mortgages offer numerous advantages, such as no monthly mortgage payments and tax-free income. However, they also come with considerations, like accruing interest over time and possibly having to let your heirs sell your home when you die.

Reverse Mortgage Requirements

To qualify for a reverse mortgage, you must be at least 62 years old, own your home outright or have significant equity, and live in the home as your primary residence. For a detailed look at all the reverse mortgage requirements, download our booklet.

Understanding the full picture of a reverse mortgage is key in exploring this option. That’s why, in our free booklet or our Reverse blog, you can educate yourself of all the pros and cons.


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Reverse Mortgage Calculator

Reverse Mortgage Calculator

This reverse mortgage calculator is for illustrative purposes, providing a general idea of costs, fees, and available loan proceeds under the FHA Home Equity Conversion Mortgage (HECM) program. The rates and fees shown may not reflect actual offers from lenders but represent typical market rates, including maximum allowable origination fees, estimated FHA Mortgage Insurance Premiums, and common closing costs based on your home’s value.

Reverse Mortgage Specialists in your city

Huntsville, AL

Discover the benefits of a reverse mortgage in Huntsville, AL, and unlock the equity in your home to enhance your retirement. Learn how reverse mortgages work and find out if this financial tool is right for you in Huntsville, Alabama.

Nashville, TN

Unlock the equity in your home with a reverse mortgage in Nashville, TN, and enhance your retirement finances. Learn about the benefits and process of reverse mortgages specifically for homeowners in Nashville, Tennessee

Atlanta, GA

Explore the advantages of a reverse mortgage in Atlanta, GA, and discover how you can access your home equity to improve your retirement lifestyle. Learn more about reverse mortgages and find out if they are the right financial solution for you in Atlanta, Georgia.

Orlando, FL

Unlock the potential of your home equity with a reverse mortgage in Orlando, FL, and enhance your retirement experience. Discover how reverse mortgages work and see if they are the right financial solution for homeowners in Orlando, Florida.

We proudly serve homeowners not only in the cities mentioned above but also across the U.S., including The Villages, FL; Savannah, GA; Winter Park, FL; Franklin, TN; Birmingham, AL, and beyond. Discover the benefits of reverse mortgages wherever you are located and see how you can unlock your home equity to enhance your retirement.

“Worthington Mortgage is where I’ve met some of the most knowledgeable people about Reverse Mortgage”

Richard Jeremy

“It’s amazing to work with a mortgage bank that specializes in Reverse Mortgages and has your best interest in heart”

John Miller

“WOW… I never thought a reverse mortgage could be such a blessing. I still can’t believe they use a simple interest!!!”

Sarah Botez

“The 12 Myths and Facts of the Reverse Mortgage is a simple guide, but answers all of your questions”

Mary Pack