Question 1

What is 877-REVERSE?

Accepted Answer

877-REVERSE is the telephone number for Reverse.com. Calling connects you with a licensed reverse mortgage professional who can answer your questions and explain possible next steps.

Question 2

Who answers when I call?

Accepted Answer

You will speak with a licensed reverse mortgage professional. They can explain options based on the information you provide—there is no scripted sales pitch.

Question 3

Is there any cost or obligation to speak with someone?

Accepted Answer

No. A call is a conversation, not an application. There is no charge to ask questions and no obligation to continue. You can end the conversation at any time.

Question 4

What is a reverse mortgage?

Accepted Answer

A reverse mortgage is a home-secured loan for eligible older homeowners. It may allow a homeowner to access a portion of home equity without required monthly principal-and-interest mortgage payments, provided the loan requirements are met. The homeowner remains responsible for property taxes, insurance, maintenance and occupancy.

Question 5

Do I continue to own my home?

Accepted Answer

Yes. The homeowner keeps title to the home, subject to the mortgage and its requirements. The loan generally becomes due after a maturity event, such as the last borrower selling the home, dying or permanently relocating.

Question 6

What homeowner responsibilities remain?

Accepted Answer

The homeowner must pay property taxes and homeowners insurance, maintain the home, and live in it as the primary residence. Failure to meet these loan obligations can result in default and foreclosure.