Turn your home’s equity into lasting peace of mind

If you’re 62 or older and looking for ways to improve your financial security during retirement, a reverse mortgage may be the solution for you. This unique lending option allows you to access the equity in your home without having to sell or move—giving you financial freedom to enjoy the years ahead.

Why a reverse mortgage?
Reverse mortgages are specifically designed to support retirees who want to stay in their homes while supplementing their income. With a reverse mortgage, you can:
  • Supplement your monthly income
  • Pay for healthcare and long-term care needs
  • Cover unexpected expenses
  • Make home improvements
  • Maintain your financial independence
The best part? You continue to own and live in your home for as long as you meet the terms of the loan. A reverse mortgage gives you access to a flexible line of credit, allowing you to manage retirement costs on your terms.

Who is eligible?
Reverse mortgages are available to homeowners who:
  • Are 62 years or older
  • Have equity in their home
  • Use the property as their primary residence
Whether you’re on a fixed income, planning for medical expenses, or simply looking to live more comfortably, a reverse mortgage can be tailored to your unique situation.

Ready to Explore Your Options?

Everyone has different circumstances and not all loans are suitable for everyone. If you have any questions about a reverse mortgage, please call lending expert Jennine Schlies.
Get Started

First American Bank is a full-service bank with branches in Illinois, Wisconsin and Florida.

Disclosures

Subject to eligibility requirements and approval. Standard rates apply. Home Equity Conversion Mortgage (HECM) Counseling is required. Borrower must be 62 years of age or older and occupy the residence as their primary residence. Ongoing obligations include payment of property taxes, homeowner’s insurance, homeowners association dues (if applicable), and required home maintenance. Failure to meet these obligations may result in default. The loan becomes due and payable when the last remaining borrower (or eligible non-borrowing spouse) passes away, sells the property, permanently moves out, or fails to meet the loan requirements. Not all borrowers will qualify. Additional terms and conditions apply.