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Explore Your Home Equity Options
If you’ve explored a reverse mortgage and want to understand what else may be available, this page compares several ways homeowners can use or access home equity. The goal is to help you understand the differences so you can decide which approach best fits your situation.
Compare Your Options
A high-level view of the strategies homeowners consider. A full side-by-side comparison tool — with qualification, ownership, equity participation and repayment details — is planned for a later release.
| Option | Typical minimum age | Monthly payment | Good to know |
|---|---|---|---|
| HECM Reverse Mortgage | 62+ | No required monthly mortgage payment | FHA-insured, non-recourse. The most widely used program. |
| Proprietary Reverse Mortgage | 55+ in some states | No required monthly mortgage payment | Often used for higher-value homes or situations HECM limits don't fit. |
| Reverse Mortgage Second Lien | 55+ where available | No required monthly mortgage payment | Keeps a low-rate first mortgage in place while accessing additional equity. |
| Equity-Sharing Arrangement | Varies by provider | Generally no monthly payment | Not a loan. An investor provides funds today in exchange for a share of future home value. |
| HELOC | No age requirement | Monthly payment required | Income and credit underwriting; the line can be reduced or frozen. |
| Cash-Out Refinance | No age requirement | Monthly payment required | Replaces the existing mortgage; resets the term at current rates. |
| Downsizing / Selling | No age requirement | Depends on the next home | Frees the full equity but means moving. |
This comparison is general education, not a recommendation, offer or approval. Availability, eligibility and terms vary by state, provider, property and individual circumstances.
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