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Explore Other Ways to Access Home Equity
A reverse mortgage is not the only way to access home equity. Depending on your age, property, financial goals and circumstances, other home-equity strategies may also be available, including equity-sharing arrangements that may provide access to a portion of your equity without creating a traditional monthly loan payment.
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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