Why Equity62 exists.
This is an independent educational resource — built to give homeowners 62 and older, and the adult children helping them, clear and honest answers about reverse mortgages.
The problem we're trying to solve
Most reverse mortgage websites are marketing pages for a single lender. They explain how reverse mortgages work, but underneath the explanation is one product they want to move you toward. That can work out fine — if their one product happens to fit your situation.
The trouble is that reverse mortgages aren't one-size-fits-all. There are FHA-insured HECMs, proprietary programs from private lenders (including second-lien options that let you keep your current mortgage), fixed-rate lump-sum structures, adjustable-rate lines of credit, and several variations within each. Each one has different costs, different math, and different trade-offs over a ten- or twenty-year horizon. The right one for you depends on your home, your age, what you're trying to accomplish, and what you want to leave behind.
You shouldn't have to read a sales pitch to find that out.
What this site is
Equity62 is a content site. We research and explain reverse mortgages in plain language — what they are, how they work, what they cost, who they fit, and who they don't. The goal is to be the kind of resource that doesn't push you toward a decision, just helps you understand one.
If, after reading, you'd like personalized information about your specific situation — your home, your age, what you're trying to do — you can use our form to request it. That information goes to a licensed reverse mortgage professional who will reach out with details. Equity62 itself is not a lender, bank, or loan originator. We connect you with the people who are.
I started Equity62 because I couldn't find a clear, honest source of information about reverse mortgages in one place. What's out there tends to fall into two camps — the side that oversells ("free money," "stay in your home forever," no downsides) and the side that fear-mongers ("the bank will take your house," "your kids will be stuck with the debt").
Neither one is the truth. Both make the decision harder, not easier. This site is my attempt at the version in between — the version a homeowner can actually use.
— From the founderWho's behind Equity62
Equity62 is built on more than 30 years of experience in home lending. That's decades of sitting at kitchen tables with homeowners and their families as they made big decisions about their homes and their retirement. Along the way, we've seen what helps people decide well: clear facts, honest trade-offs, and time. We've also seen what doesn't: pressure, hype, and fine print.
That's why this site exists. Everything here is written and reviewed by an experienced mortgage professional. The goal is simple: to treat every reader the way we'd want our own parents to be treated.
How we keep this information accurate
- Written from real experience. Every page is written and reviewed by someone who has spent decades in mortgage lending, not by a marketing department.
- Checked against official sources. We check our explanations against HUD and FHA rules for HECMs and against consumer guidance from the Consumer Financial Protection Bureau.
- Updated when the rules change. Limits and program rules change, especially the HECM lending limit each January. We update the site when they do.
How we approach this
A few things you can count on here:
- Education first. Read everything on the site. Take your time. Talk to other people you trust. Talk to a HUD-approved counselor. The decision should be made on your timeline, not anyone else's.
- Honest about trade-offs. Reverse mortgages have real benefits and real downsides. Both belong in the conversation. You'll find both here.
- It's not always the right answer. Sometimes the better option is a HELOC, a different financial product, downsizing, or simply waiting. We'll say so when that's the case.
- No phone number on the site, on purpose. The first contact should be on your terms, through the form, when you're ready. That cuts down on cold calls and pressure.
Who this site is for
Equity62 is written for two audiences. The first is homeowners 62 and older who are thinking about what role their home equity might play in the next chapter of life — whether that's eliminating a mortgage payment, supplementing income, funding healthcare, or simply having a financial cushion they don't currently have.
The second is the adult children of those homeowners — the ones who often end up doing the research before raising the topic with mom or dad. If that's you, this site is for you too.
What happens when you ask for information
- You fill out a short form. A few details about you, your home, and what you'd like to accomplish. It takes about two minutes.
- A licensed reverse mortgage professional calls you, usually within one business day, at the time of day you prefer.
- You get a clear overview of the programs that may fit your situation, including when a reverse mortgage might not be the best choice.
- There's no obligation. You can ask questions, take your time, and decide not to go further.
- Your information isn't sold. It's shared only with the licensed professional who follows up on your request.
Want personalized info about your situation?
Use the form to share a few details about your home, your age, and what you're trying to accomplish. A licensed reverse mortgage professional will follow up with an overview of the programs that may fit.