Reverse Mortgage?

Available to homeowners who are 62 years of age or older, this unique government-backed financial tool can help you achieve your optimum lifestyle.

• Reverse mortgages can provide a safe way to tap some of your home value. Use your home to stay at home.
• Reverse mortgages can help seniors enjoy and share their wealth in their lifetimes.

We can help

ReVisions Resources is a nonprofit agency that helps seniors achieve their optimum lifestyles by providing educational resources and housing services. Founded in 1989, the agency has created affordable housing, community resource guides, including the San Diego Eldercare Directory (now published by the San Diego Union Tribune Publishing Company) and provided consulting services to city and federal agencies. The director has also served as AARP's San Diego representative for its consumer housing information program.

The organization’s Reverse Mortgage Experts Information project was launched in 2005 in response to the National Council on the Aging’s Initiative to expand the use of reverse mortgages. Most people want to live independently in their own homes regardless of their health and age. A reverse mortgage can make aging in place possible. The concept is called “use your home to stay at home”.

What can I do with a Reverse Mortgage?

For many seniors, the home is the most valuable asset, especially in an area like San Diego. Launched in 1994 by Congress, the government backed reverse mortgage program (Home Equity Conversion Mortgage) can provide a safe way to tap some of that home value. The funds can be drawn as needed with flexibility, are tax free, and there are no monthly payments. While some seniors use the funds to make their homes more modern or to help with the extra expenses Medicare doesn’t cover (like hearing aids or dental work), there are no restrictions on how the funds can be used.

Available to homeowners who are 62 years of age or older, this unique financial tool also helps seniors enjoy and share their wealth in their lifetimes. For seniors with adult children, there are many attractive new possibilities: helping an adult child buy a home now, contributing to educational expenses for grandchildren, or purchasing a second home where the adult children live. Reverse mortgage funds may be critical to help with inflation, replace lost social security or pension income after a spouse has passed away, or when long-term care is needed.