Turn Home Equity Into Income—With a Reverse Mortgage

If you're 62 or older, a reverse mortgage lets you convert your home’s equity into cash—without selling or making monthly payments. Stay in your home and get paid instead. 

A reverse mortgage is a loan that allows seniors to access their home equity as tax-free cash. Unlike a traditional mortgage, there are no required monthly payments. The loan is repaid when the home is sold or the borrower moves out permanently.

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It’s a flexible option for homeowners who want to supplement retirement income, cover medical costs, or eliminate existing mortgage payments—while staying in the home they love.

🪙 Supplement retirement income
🧾 No monthly mortgage payments
🏠 Stay in your home long-term
💼 Use funds for medical, travel, or living expenses
🔐 Flexible payout options (lump sum, monthly, or credit line)

Q: Will I still own my home?
Yes. You remain the owner and keep the title.

Q: What happens when I move or pass away?
The loan becomes due. Your heirs can repay it or sell the home.

Q: Is the money I receive taxable?
No. The funds are considered loan proceeds and are not taxed as income

At The Federal Savings Bank, we make home financing easy. Whether you're buying, refinancing, or just exploring options, we’re here to help. Located at 1150 South Ave, Suite 304B, Staten Island NY 10314, we offer competitive rates, great service, and a smooth and fast loan process from start to finish. 

Company NMLS: 411500

Texas Mortgage Disclosure: Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should contact the Texas Department of Savings and Mortgage Lending (SML). Visit [www.sml.texas.gov](https://www.sml.texas.gov) for instructions and to obtain a complaint form. Mailing Address: 2601 North Lamar, Suite 201, Austin, TX 78705 • Toll-Free: 1-877-276-5550 (Required per 7 TAC §80.200(b))