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Reverse mortgages

HECM reverse mortgage

The short answer A Home Equity Conversion Mortgage (HECM) is an FHA-insured reverse mortgage for eligible homeowners generally age 62 or older. You keep title and must keep up with occupancy, property taxes, insurance, maintenance and other obligations. Counseling and a financial assessment are required, and unpaid interest and fees can grow the balance over time. Marcus offers HECM reverse mortgages.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • You're generally age 62 or older and live in the home as your primary residence.
  • You have meaningful equity in your home.
  • You want to turn part of that equity into funds without a required monthly mortgage payment.

Tradeoffs to weigh

  • Property taxes, insurance and maintenance continue, and missing them can put the home at risk.
  • Interest and fees added to the balance reduce the equity left over time.
  • Required counseling and a financial assessment add steps before closing.

What to have ready

  • What you hope the funds will do for you.
  • Rough home value and any current mortgage balance.
  • Who lives in the home with you.
  • Whether property taxes and insurance are current.
  • Questions you'd like answered at counseling.

Questions people ask

Does no monthly mortgage payment mean no housing expenses?

No. Property charges and maintenance continue, and failing to meet those obligations can put the home at risk.

How much can I receive?

Age, interest rates, property value, program limits and existing liens affect proceeds. Use a verified lender illustration for your numbers.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Compare reverse mortgage optionsTalk to Marcus

Related topics

HECM for Purchase Proprietary and jumbo reverse mortgage See the loan programs All topics

Sources

Official program and consumer sources this page is based on. Lender rules can be stricter than these.

Marcus Wright
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You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

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I aim to get back to you within a few working hours, often sooner.

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How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
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(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

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I aim to get back to you within a few working hours, often sooner.

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