Refinance Your Reverse Mortgage

Unlock better terms, lower interest rates, or more cash from your home equity today. Get a personalized refinancing plan in just minutes—no obligation, no hassle.

What exactly is reverse mortgage refinancing?

Reverse mortgage refinancing replaces your current loan with one that better fits your needs.

 

It updates your loan based on changes in home value, interest rates, or your financial goals.

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Key benefits of reverse mortgage refinancing

Reverse mortgage refinancing allows you to:

Lower your interest rate or loan costs.
Access more cash from increased home value.
Update loan terms for better flexibility.

Refinancing could mean more financial freedom while still staying in your home.

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Calculate Your Eligibility

Your age determines the principal limit factor (PLF) for your reverse mortgage. Older homeowners typically qualify for higher loan amounts because the loan term is expected to be shorter.

Age must be between 62 and 99.

Your home's current market value is used to calculate how much you may borrow. The higher your home value, the more you may be eligible to receive (up to FHA lending limits).

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Adjust the slider to your estimated home value.

Any existing mortgage must be paid off with your reverse mortgage proceeds. We need this to calculate your net available funds after paying off your current loan.

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Enter your remaining mortgage balance if any.

Get Your Full Details

We'll email you a detailed breakdown with personalized recommendations

What is a HECM?

HECM was created by the Federal Housing Administration (FHA). It is a federally-insured reverse mortgage program designed to help homeowners 62 and older access equity in their home to supplement their retirement. It allows you to remain in your home, eliminate required monthly mortgage payments and access your home equity.

The HECM offers access to your cash through a lump sum, monthly installments, or a line of credit, though not all of your loan proceeds will be available at closing. To receive 100% of your proceeds at closing, inquire about HomeForLife by South River Mortgage.

Learn more about the HECM Program Get Started Now

Why HomeForLife?

HomeForLife is a product offered only at South River Mortgage. Because we are a private lender, we have different guidelines than the FHA sets for the HECM loan. With HomeForLife, homeowners 55 and older* can consolidate debt and receive 100% of their loan proceeds at closing. Compared to a HECM, HomeForLife has more flexible financial requirements.

Even homeowners that have been previously declined for a reverse mortgage loan or similar programs still have a good chance of qualifying for HomeForLife.

Learn more about the HomeForLife Program Get Started Now
*This minimum age requirement only applies where allowed by state law.
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Who is this for?

Reverse mortgage refinancing might be a great option if:

  • Your home value has significantly increased.
  • You want to reduce your loan’s interest rate.
  • You’re looking to convert equity into cash.
  • You need to update your loan terms to better fit your financial goals.
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How to get started

  1. Check Your Eligibility: Enter your details to see if refinancing makes sense for you.
  2. Explore Your Options: Work with our team to review new terms and benefits.
  3. Refinance and Relax: Enjoy lower costs. more cash, or updated terms with your new loan.

Get Your Retirement Solution

Our average homeowner unlocks $96,000 with a reverse mortgage. Find out how millions of other retirees are “reversing” their financial stress with this free book—The Retirement Solution.

Enter your email address below to get a copy sent to your email instantly:

START HERE: Get cash out with a reverse mortgage Check Eligibility ›