Senior Equity Reverse Mortgage^® Enjoy financial security, stay in your home.

Retirement is a time for you.

Even though retirement often comes with a fixed income, you can still enjoy life on your terms. A reverse mortgage loan can help you supplement your retirement income by allowing you to access a portion of the available equity in your home.

One of these products is a reverse mortgage. A reverse mortgage loan can help you supplement your retirement income by allowing you to access a portion of the available equity in your home. After paying off any existing mortgages you can apply the available proceeds toward the things you need most – Pay for medical care, make home improvements, cover unexpected expenses or even to purchase a home.¹ The proceeds are yours and so is the decision on how to use them.

A Bank of America Reverse Mortgage is flexible and safe. Seniors make no reverse mortgage monthly payments for as long as they live in their home. With a reverse mortgage, you always retain the title to your home and you can stay in your home for as long as you wish.¹

To be eligible for a reverse mortgage, seniors must be homeowners and age 62 or older. There are no income or credit score qualifications, but your home must be an eligible property type.