More Ways to Access Your Home Equity in Retirement
PROPRIETARY & SECOND REVERSE MORTGAGES
Home equity can play an important role in creating greater financial flexibility in retirement.
Proprietary and second reverse mortgages offer additional ways for eligible homeowners to access that equity, with solutions designed for different property values, existing mortgages and financial needs.
Proprietary Reverse Mortgage
Greater flexibility for higher-value homes.
Proprietary reverse mortgages — sometimes referred to as jumbo reverse mortgages — are private loan programs designed for homeowners whose property value or financing needs extend beyond traditional HECM parameters.
Because these loans are not governed by the FHA HECM lending limit, they may allow qualified homeowners to access a larger portion of the equity in higher-value properties.
May be worth considering if you:
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Own a higher-value home
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Have substantial equity
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Want access to a larger loan amount than a HECM may provide
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Have a property or financial situation that may not fit traditional HECM guidelines
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Want additional flexibility in how home equity supports your retirement plan
Second Reverse Mortgage
Access home equity without replacing your existing first mortgage.
For homeowners who already have an attractive first mortgage — particularly one with a low interest rate — refinancing the entire balance may not make financial sense.
A second reverse mortgage may allow eligible homeowners to access additional home equity while leaving their existing first mortgage in place.
That distinction is important and is the biggest reason I would give this product its own section rather than grouping it under jumbo reverse mortgages.
May be worth considering if you:
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Have a low-rate first mortgage you would prefer to keep
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Have additional equity available in your home
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Want supplemental retirement funds
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Don't want to refinance your existing first mortgage
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Own a home that has appreciated significantly
What to Know
Getting started is simple. We’ll learn about your home, existing mortgage and financial goals, review the reverse mortgage options available to you, and help you understand the features and considerations of each before you decide whether to move forward.
Start with a conversation → Review your options → Choose the approach that fits
NEXT STEPS
Which Reverse Mortgage Approach Fits Your Retirement?
At Live Better Financial, we help homeowners understand the differences, compare available options and determine how, or whether home equity belongs in the larger retirement picture.
Call (888) 225-3336 or schedule a consultation.
