Reverse Mortgage Strategies in Sioux Falls

YOUR HOME EQUITY, PUT TO WORK

Real-world strategies for South Dakota homeowners 62 and older.

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Strategies for South Dakota Homeowners

A reverse mortgage can do more than one job. Pick the goal that matches your plans, then read how it works.

Eliminate Your Monthly Mortgage PaymentUse a reverse mortgage to pay off your current mortgage and end the monthly payment. You still pay property taxes, insurance and upkeep.Explore This Strategy Bridge to Social SecurityUse a line of credit for income while you wait to claim Social Security. Waiting may let you receive a larger benefit later.Explore This Strategy Age in Place in South DakotaStay in the home you love as long as you meet the loan terms, with funds to help cover home updates, services or care.Explore This Strategy Protect Your Investment PortfolioDraw from your home equity instead of selling investments when the market is down.Explore This Strategy Buy a New Home Without a Monthly PaymentUse a HECM for Purchase to buy your next home with a down payment and no monthly mortgage payment.Explore This Strategy Create a Retirement Income StreamTurn home equity into monthly payments, a line of credit, or both, to add to your retirement income.Explore This Strategy Fund Long-Term CareUse home equity to help pay for care without selling your investments.Explore This Strategy

This material is not from HUD or FHA and has not been approved by a government agency. HUD-approved counseling is required, and the youngest borrower must be at least 62. Monthly advances may affect eligibility for other programs. This is not a loan offer. Not all applicants qualify, and rates and programs may change. All products are subject to credit and property approval.

Reverse Mortgage Guides

Is a Reverse Mortgage Right for South Dakota Homeowners? Learn who a reverse mortgage tends to fit, who it may not, and the questions to ask before you decide. Read More How Much Can You Get From a Reverse Mortgage in South Dakota? Learn what affects how much you can get from a reverse mortgage in South Dakota. Read More Reverse Mortgage Myths South Dakota Families Believe Get the facts on common reverse mortgage myths, from who owns your home to what your heirs owe. Read More