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Senior Equity Reverse Mortgage®Senior Equity Reverse Mortgage TM Available exclusively from Bank of America.

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A granddad and grandson at play

The product offered exclusively through Bank of America brings many unique features together in one product.

To help determine if this product is an option for you, ask yourself the following questions:

  • Is your home value greater than the Federal Housing Administration national lending limit1, up to $10,000,000?
  • Is your home's value at least $100,000?
  • Would you like to purchase a home and make no reverse mortgage payments for as long as you live there?
  • Would you like the ability to access additional funds each month, even if your credit line is fully drawn?
  • When your home value increases, would you like to refinance the loan to provide a greater credit line, but without the cost of a traditional refinance?

If you answered yes to most of these questions, our proprietary product may suit your needs.

More benefits of the proprietary reverse mortgage product from Bank of America

The home purchase option makes it possible to buy a home and make no monthly reverse mortgage payments for as long as you live in the home, or another maturity event occurs.

With our reassessment feature, when your home value increases, you can refinance the loan to receive a greater credit line.

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1The Federal Housing Administration (FHA) national lending limit is applied to the Home Equity Conversion Mortgage product. Contact Bank of America for details.