A smarter way to use your home equity
For homeowners 55+, a reverse mortgage can provide income, flexibility, and peace of mind — with a partner you can trust.
What is a reverse mortgage?
A reverse mortgage is a loan designed for homeowners 55+ that allows you to convert a portion of your home equity into cash without monthly mortgage payments. You continue to own and live in your home, and you can choose how to receive your funds: a lump sum, monthly payments, a flexible line of credit, or a combination of these options.
The loan is typically repaid when the home is sold, when you move out, or when you pass away. After the loan is paid off, any remaining equity goes to you or your heirs.
Benefits of a reverse mortgage
Reduce financial stress
Rising costs can put pressure on a fixed income. A reverse mortgage can provide additional monthly cash flow or access to funds, helping you manage everyday expenses with more confidence and stability.
Eliminate monthly mortgage payments
If you still have a mortgage, a reverse mortgage can remove that monthly payment entirely. This frees up income, eases budget strain, and allows you to stay in the home you love without the burden of a traditional loan.
Build a flexible safety net
A reverse mortgage line of credit grows over time and can be used whenever life brings unexpected expenses. It’s a reliable way to prepare for medical bills, home repairs, or future needs without relying on family or selling investments.
Make your home work better for you
A reverse mortgage can help you create a more comfortable and secure living environment. Many homeowners want to remain independent and stay in their homes as they age. Reverse mortgage funds can help cover in home care, safety upgrades, or home modifications making it easier to live comfortably and securely for years to come.
Meet our partner: Alliance Reverse Mortgage
At RCU, we understand that choosing a reverse mortgage is a significant decision. Education, transparency, and trust are essential — and not all lenders uphold these values.
That’s why RCU has partnered exclusively with Alliance Reverse Mortgage for nearly 20 years.
See how a reverse mortgage can help homeowners 55+ create more financial stability.
A video is being shown
Conversations that bring reverse mortgages to life
In this episode of And That’s Why We Partner, Ron Kamler, President & CEO of Alliance Reverse Mortgage, shares real member stories and insights into how reverse mortgages can create meaningful financial change.
Your Reverse Mortgage Questions Answered
Explore our interview with Ron Kamler, President & CEO of Alliance Reverse Mortgage. In this Q&A, Ron answers common questions about how reverse mortgages work, what homeowners should consider, and how to choose a trusted lending partner.
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Yes. You remain the owner of your home and stay on the title. You’re responsible for property taxes, homeowners insurance, and basic upkeep, just as you are today.
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You can choose the option that works best for your needs: a lump sum, monthly payments, a line of credit, or a combination. Many homeowners appreciate the flexibility of a line of credit that can grow over time.
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It may be a helpful solution for homeowners 55+ who want to stay in their home, reduce financial strain, eliminate a mortgage payment, or create a safety net for future expenses.
Ready to explore your options
A reverse mortgage can be a meaningful way for homeowners 55+ to create more financial flexibility and stability. If you’re considering whether it’s the right fit for you or someone you care about, we’re here to guide you with clarity, transparency, and support.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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