Comfortable Retirement is a reverse mortgage information site dedicated to informing seniors about the pros and cons of FHA reverse mortgages.  We offer information and tools to seniors who are looking for a reverse mortgage and want to make an educated decision.

We provide detailed reverse mortgage information, and expert referrals to reverse mortgage professionals who can assist you in the reverse mortgage process.

Reverse Mortgage Definition

A reverse mortgage is an FHA mortgage made available to seniors age 62 and up.  It is used to free up equity in the property and is distributed in one lump sum or in multiple payments.  Repayment of the loan is deferred for as long as the homeowner lives in the home.

The reverse mortgage is used to pay off any existing loans on the property, and there are no monthly payments made on the loan.  In addition to getting rid of monthly mortgage payments, many seniors use the proceeds from their reverse mortgage to pay for things such as medical and living expenses.

For more information and an expert referral to a qualified reverse mortgage professional: