A Home Equity Conversion Mortgage (HECM) lets homeowners 62 and older convert equity into tax-free cash — without monthly mortgage payments. G Elite Capital originates FHA-insured HECMs nationwide.
How a reverse mortgage works
You retain the title. The loan is repaid when the last borrower leaves the home or passes away.
Available to homeowners 62+
No monthly principal or interest payments required
Receive funds as lump sum, line of credit, or monthly payments
FHA-insured — non-recourse (you never owe more than the home is worth)
HUD-required counseling with an independent agency
Heirs can keep the home by paying off the loan balance
Frequently asked questions
Will I lose my home with a reverse mortgage?
No. You retain the title as long as you live in the home as your primary residence and stay current on property taxes, insurance, and HOA fees.
How much can I borrow?
The principal limit depends on the youngest borrower's age, current interest rates, and home value up to the FHA maximum claim amount.