Reverse Mortgages

A Reverse Mortgage* from First Horizon could make the years ahead more enjoyable and fulfilling as it enables people 62 or older to convert some of their home's equity into cash, either as a monthly payment or a lump sum – or both.

If you're currently retired, or thinking of retiring, a Reverse Mortgage could be an ideal source of additional funds for anything from medical expenses to a long-awaited luxury cruise.

Here are some of the main benefits offered by a Reverse Mortgage:

• You retain ownership of your home
• No income requirements are needed to qualify
• No monthly payments are due for as long as you live in your home
• Your income from a Reverse Mortgage could be tax-free**
• Use your cash proceeds for any type of expenses, and to help plan for your future
• Loan proceeds are not considered income by the federal government, so your Social Security and Medicare benefits will not be affected***
• Your children or other heirs will receive 100% of your home's remaining equity after the Reverse Mortgage's balance is paid
• You'll receive the services of a professional counselor for lasting peace of mind

For more information about our Reverse Mortgages, or any other product or service, contact a First Horizon Reverse Mortgage Specialist in your area.