Tap Into Your Home Equity Without Refinancing or Selling
For homeowners aged 55 and older, the HomeSafe® Second reverse mortgage allows you to unlock a portion of your home’s equity while keeping your existing first mortgage in place—and without the burden of required monthly mortgage payments, as long as you meet the terms of the loan.
This proprietary reverse second mortgage is ideal for clients seeking additional funds in retirement, without giving up their low-rate first mortgage or downsizing their home.
What Is HomeSafe® Second?
HomeSafe® Second is a fixed-rate, second-lien reverse mortgage designed for homeowners who already have an existing forward mortgage. Unlike a traditional cash-out refinance or HELOC, HomeSafe Second lets you:
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Access additional equity behind your current mortgage
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Avoid monthly mortgage payments while residing in the home and meeting loan obligations
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Retain ownership of your home and remain on title
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Use proceeds for any purpose, including:
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In-home care or medical expenses
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Home modifications
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Credit card or other debt payoff
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Supplemental retirement income
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Key Features
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Fixed interest rate for the life of the loan
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No required monthly mortgage payments*
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Keep your current first mortgage intact
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Loan amounts from $50,000 up to $1,000,000
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Eligible property types: Single-family homes, PUDs, condos, 2–4 units
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Available in approved states, including California, Arizona, Texas, Washington, Florida, and others
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Counseling required with an independent, approved counselor
Who Qualifies?
To be eligible for the HomeSafe® Second mortgage, you must:
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Be 55 years of age or older (varies by state)
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Own and occupy the property as your primary residence
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Have a first mortgage that is:
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Fixed-rate and fully amortizing
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An amortizing ARM (qualified at max rate)
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A HELOC that is currently in the repayment period
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Meet minimum credit and property charge payment history requirements
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Complete proprietary reverse mortgage counseling
A Word About Loan Obligations
While you are not required to make monthly payments on this loan, you must continue to:
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Pay property taxes and homeowners insurance
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Maintain the property
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Occupy the home as your primary residence
Failure to meet these obligations may result in the loan becoming due and payable.
Need More Flexibility?
For higher loan amounts—up to $4 million—and access to a line of credit with growth, ask about the HomeSafe® Select product, also available through Marshall, Everett & Associates.
Let’s Talk
Want to see how much equity you could unlock? We’re here to help.
Call us: (818)971-9380
Serving homeowners across Southern California and beyond
Disclaimers:
HomeSafe® is a registered trademark of Finance of America Reverse LLC. Product offered exclusively through approved broker partners such as Marshall, Everett & Associates, Inc.