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The key to a more secure retirement
might already be in your pocket. 

Discover how the power of home can bring you closer to the retirement you deserve. 

       While most people approaching retirement think of their personal net worth in terms of savings, stocks, bonds, or retirement accounts, the reality is quite different. Studies show that half of homeowners age 62 or older have at least 55% of their net worth tied up in home equity.*


Let us help you
unlock the power of home.

What exactly is a “reverse mortgage”?

With a reverse mortgage, more accurately now called a Home Equity Conversion Mortgage (HECM), homeowners age 62 or older receive a portion of their home’s equity while living in the home, and with no monthly mortgage payments. The funds are income tax-free,** and borrowers retain ownership and title to their home as long as they:

  • Live in the home as their primary residence.

  • Continue to pay required property taxes and homeowners insurance.      

  • Maintain the home according to Federal Housing Administration requirements.

What are the benefits and   uses of a reverse mortgage?

From eliminating your monthly mortgage payment to paying  for unexpected expenses, a reverse mortgage can help provide financial flexibility and relieve many of the financial pressures you face in retirement. A HECM can allow you to:

  • Pay off an existing mortgage, monthly bills,or healthcare expenses to increase cash flow.

  • Make needed home repairs or modifications
    to live more comfortably.

  • Replace taxable withdrawals from 401(k) or other retirement plans with tax-free reverse mortgage proceeds.**

  •  Establish a line of credit for emergencies
    or occasional expenses.

What amount can you receive from a reverse mortgage?

The amount of money that you can receive from a HECM depends on a number of factors, such as your age, the  type of reverse mortgage you select, current interest rates, and the appraised value of your home.

How can you receive the money?

Depending on the specific program you choose, there is a range of options for receiving the  proceeds of a reverse mortgage, including:

  • A monthly income stream    

  • A lump sum payment    

  • A line of credit    

  • Any combination of the above


Dominion Mortgage is your Reverse Mortgage Expert. We'll help you evaluate if it's a good solution to help you meet your retirement goals. 


*CFPB Report to Congress on Reverse Mortgages, June 2012. Note: A credit line is available only on adjustable-rate HECM products.

**Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.

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