A reverse mortgage allows homeowners age 62+ to convert a portion of their home equity into cash without selling their home or making monthly mortgage payments.
The most common option is the FHA-insured Home Equity Conversion Mortgage (HECM). Instead of making payments to the lender, funds are made available to you.
The loan is typically repaid when the home is sold, the homeowner moves out, or passes away. Any remaining equity belongs to you or your heirs.
At Grid Mortgage, we’re here to help you understand your options and make an informed decision about your financial future.
Talk with our reverse mortgage expert to learn your options and see if it's right for you.
Complete a required session with a HUD-approved counselor to ensure you understand the program.
We handle the application, appraisal, and loan approval process for you.
Close on your loan and receive your funds in the way that works best for you.
You retain full ownership and can continue living in your home for as long as you wish — there's no requirement to move or sell.
You or your heirs will never owe more than the home's value at the time of sale. The FHA insurance covers any shortfall.
Eliminate your monthly mortgage obligation entirely. You're only responsible for property taxes, insurance, and basic maintenance.
Funds received from a reverse mortgage are generally not considered taxable income. Always consult a tax advisor for your specific situation.
Receive funds as a lump sum, monthly payments, a line of credit, or any combination — tailored to your unique financial needs.
Use the funds to cover healthcare costs, home improvements, travel, or simply pad your monthly budget with peace of mind.
Whether you’re ready to apply or want to learn more, our team is here to help. There’s no pressure and no obligations. Let’s find out if a reverse mortgage is right for you.
Helping you on the path to perfect home financing – every step of the way.
