With record equity,
it's time your home takes care of YOU.
You may be wondering if the New Reverse Mortgage is right for you.
The reverse mortgages of 2025 are nothing like those from decades ago. They've evolved into helpful financial tools with significant consumer protections.
What's different with the New Reverse Mortgage:
A reverse mortgage is a type of loan that allows homeowners who are at least 62 years old to access the equity in their home.
Instead of making monthly mortgage payments, the borrower can receive payments FROM the lender.
The loan is repaid when the borrower no longer occupies the home as their primary residence.
If you need additional income to cover expenses or pay off debts, a reverse mortgage may be a viable option.
Home Equity: The amount of equity you have in your home is a key factor in determining if a reverse mortgage is right for you. The more equity you have, the more you may be able to borrow.
Plans for the Future: Think about your plans for the future and whether a reverse mortgage aligns with those plans.
A reverse mortgage can also be used to PURCHASE a new home. Many of my clients are enjoying the upgrade to a newer home with no monthly payments as a result.
Favorite Features of the New Reverse Mortgage:
No monthly payments required
Government-insured program
Regulated and supervised by FHA
Multiple built-in consumer protections
Growing line of credit option
Common Myths Solved by the New Reverse Mortgage:
TRUTH: You retain full ownership and title. Period. It's your house, not the bank's. You can sell it, remodel it, leave it to your heirs - it's YOUR home.
Modern reverse mortgages are specifically designed to preserve equity. In fact, the amount you can borrow is carefully limited to ensure significant equity remains.
TRUTH: Your heirs have multiple options:Keep the house by paying off the loanSell the house and keep any remaining equityWalk away with no obligation if the loan exceeds value (And yes, they never owe more than the house is worth)e.
TRUTH: You can use a reverse mortgage to pay off your existing mortgage, eliminating that monthly payment entirely.
TRUTH: Costs are regulated by FHA and are often similar to traditional mortgages. Plus, they can be financed into the loan - no out-of-pocket expense.
TRUTH: It's actually the opposite! The longer you live in your home, the better. You can stay as long as you wish, even if you live to 120!
Let's visit
Call (or even text) Darin today at 801-877-7959
Meet Darin Rhodes, one of the most trusted mortgage loan officers in the industry. With over 23 years of experience in the field, Darin has earned a solid reputation for his professionalism, honesty, and dedication to his clients.
Darin began his career in the mortgage industry after earning his Bachelor's degree in Political Science from Brigham Young University.
Over the years, Darin has worked with hundreds of clients, helping them navigate the complexities of the mortgage process and find the right loan product to fit their unique needs.
Darin Rhodes, Mortgage Lending Manager
Darin Rhodes, NMLS #281677
TruePartner Home Loans NMLS #1770793
321 E State Rd, Suite 150, American Fork, UT 84003
801-888-7468
For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Not all borrowers will meet the requirements necessary to qualify. As a result of refinancing, your total finance charges may be higher over the life of the loan. Payments do not include taxes and insurance. Your payment obligation will be higher. Reduction in payments may reflect longer loan terms and higher interest charges over the life of the loan. Applicant should not assume that any debt will be eliminated by refinancing since the debts are consolidated into a new loan.