Reverse Mortgage

Reverse mortgages are for homeowners 62 years or older.

Reverse Mortgage Overview:

Reverse mortgages allow homeowners to pay off the current mortgage and use any remaining cash tax free for anything. This allows homeowners to continue to gain relief from stress of monthly bills or increased medical expenses, allow them to continue to own their home, and live more comfortably with financial flexibility.

The loan becomes due when none of the original borrowers live in the home, if taxes or insurance become delinquent, or it the property falls into disrepair.

The Home Equity Conversion Mortgages (HECM), is a reverse mortgage insured by the FHA. We also offer jumbo and other proprietary Reverse Mortgage options.

Important facts about the Hawaii Reverse Mortgage:

• You own your home – not the bank
• You never make another mortgage payment while you live in the home
• You must remain current on the taxes, home insurance, and if applicable HOA dues
• You can refinance or sell whenever you want with no penalty
• The money you receive as a result of this loan is tax-free
• You can use your loan proceeds any way you wish
• Reverse Mortgages are available for a purchase loan
• Credit is not a factor for qualifying