Free educational guide

5 Questions to Ask About Reverse Equity

Use these questions to start a clear conversation with your family and a qualified lending professional.

1. How does this loan fit my long-term plans?

Consider how long you expect to remain in the home, how you plan to use the funds, and whether other family members live with you.

2. What will the loan cost?

Ask about interest, mortgage insurance, origination charges, closing costs, servicing fees, and how the loan balance may grow over time.

3. What responsibilities will I keep?

You generally remain responsible for property taxes, homeowners insurance, home maintenance, and any applicable association fees.

4. When does the loan become due?

Ask what happens if you sell, move away permanently, pass away, or do not meet the loan obligations. Discuss the choices available to heirs.

5. What other options should I compare?

Depending on your goals, alternatives may include refinancing, a home equity loan, selling and downsizing, or using other savings and income sources.

Bring these questions to a conversation with Samantha S. Peel, Mortgage Loan Officer.
(706) 832-8263 · speel@mcsfunding.net
NMLS #2685482 · Licensed in Georgia & South Carolina

This guide is educational and is not financial, legal, or tax advice or a commitment to lend. Product availability and requirements vary.