Love Your Mortgage Rate? Keep It. Access Your Home Equity.
You may have spent years building equity in your home while enjoying an interest rate you wouldn't want to give up. What if you could access some of that equity without refinancing your existing mortgage?
For qualified homeowners age 55 and older, a reverse second mortgage may provide a lump sum of cash without adding another required monthly principal-and-interest payment.
Your Home Has Built Equity. You May Not Have to Refinance to Use It.
A reverse second mortgage creates a different opportunity for homeowners who want access to cash while keeping the mortgage they already have.
Keep the Mortgage You Like
Your existing first mortgage stays in place, including its interest rate, terms, and required payments. You don't have to trade it in to access additional equity.
No New Required Monthly Payment
Unlike a traditional second mortgage, the reverse second doesn't require monthly principal-and-interest payments while you meet the loan's obligations.
Get Cash for the Things That Matter
Use available proceeds for home renovations, accessibility improvements, in-home assistance, unexpected expenses, or the retirement plans you've been considering.
Continue Living in Your Home
Access some of the value you've accumulated without selling your home or leaving the neighborhood and routines you enjoy.
What Could You Do With More Available Cash?
You know your home. You know what you'd like to accomplish. Your equity may help make those plans possible.
Keep What's Working. Make More Possible.
Maybe you've been thinking about updating your kitchen, making a bathroom easier to use, or hiring someone to help around the house. Maybe you'd like more flexibility for travel, family, or unexpected expenses.
If you're comfortable with your current first mortgage, replacing it may not be appealing. A reverse second mortgage is designed to leave that mortgage in place while giving qualified homeowners access to additional funds.
For eligible Arizona homeowners age 55 and older, available programs may offer a fixed-rate reverse second mortgage with proceeds provided as a lump sum. You continue making your existing first mortgage payments, but the new reverse second does not add another required monthly principal-and-interest payment.
You worked hard to build equity in your home. Find out what that equity could make possible now.
Curious how much equity you could access? Tell us about your home and your plans. We'll explore what may be available.
See My Home Equity OptionsAccess Your Equity Without Replacing Your First Mortgage.
The idea is simple. Keep the mortgage you already have, and explore an additional loan secured by your home's equity.
The Payment and Rate You Already Know
Your first mortgage stays in place. You continue making its regular payments under its existing terms, without giving up a favorable rate just to access cash.
Keep what works for you.
Additional Equity Without Another Required Monthly Payment
A qualifying reverse second mortgage may provide a lump sum for the things you'd like to do. There is no required monthly principal-and-interest payment on this new loan while its obligations are met.
Use available equity to move your plans forward.
HomeSafe Second is a proprietary reverse mortgage program, not an FHA-insured HECM. Homeowners remain responsible for payments on the existing first mortgage, property taxes, insurance, maintenance, and other loan obligations. Interest accrues on the new reverse loan balance.
Questions Homeowners Often Ask.
Can I keep my existing first mortgage?
Yes. That's a key feature of a reverse second mortgage. Your existing loan remains in place with its current rate, terms, and required payments.
Will I have another monthly mortgage payment?
An eligible reverse second mortgage does not require monthly principal-and-interest payments on the new loan while its obligations are met. You still make the required payments on your existing first mortgage.
Is a reverse second mortgage available at age 55?
Yes. Certain proprietary reverse second mortgage programs are available in Arizona to eligible homeowners beginning at age 55.
How do I find out how much might be available?
Complete our short Home Equity Survey. We'll use your home's estimated value, existing mortgage details, age, and goals to explore potential loan options.
Keep Your Mortgage. Discover What Your Equity Could Do.
You've already built the equity. Our short survey helps us explore whether a reverse second mortgage or another home equity loan could help you put it to work.
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