How to reverse a reverse mortgage?

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Reverse mortgages are a financial tool that allows homeowners to convert a portion of their home equity into cash. While reverse mortgages can provide financial flexibility for older adults, there may come a time when borrowers want to reverse the process and regain ownership of their home. In this article, we will explore how to reverse a reverse mortgage and the steps involved in doing so.

Understanding Reverse Mortgages

Before delving into the process of reversing a reverse mortgage, it is essential to have a clear understanding of how these mortgages work. A reverse mortgage is a loan available to homeowners who are at least 62 years old. Instead of making monthly mortgage payments, the borrower receives payments from the lender, either as a lump sum, a line of credit, or in monthly installments. The loan is repaid when the borrower sells the home, moves out, or passes away.

Reversing a Reverse Mortgage

Eligibility: To reverse a reverse mortgage, the borrower must meet certain eligibility criteria. These criteria may vary depending on the lender, but typically include factors such as being the primary resident of the home, maintaining the property, and staying current on property taxes and insurance.

Contact the Lender: The first step in reversing a reverse mortgage is to contact the lender and express your intention to reverse the loan. The lender will guide you through the necessary steps and provide you with the required documentation.

Loan Repayment: To reverse a reverse mortgage, the borrower needs to repay the outstanding loan balance. This can be done through various means, including refinancing the loan with a traditional mortgage, using personal funds, or selling the property. It is important to carefully consider the financial implications of each option and choose the one that best suits your circumstances.

Seek Legal and Financial Advice: Reversing a reverse mortgage can be a complex process, and it is advisable to seek legal and financial advice to ensure you fully understand the implications and make informed decisions. Consulting with professionals who specialize in reverse mortgages can help you navigate the process and make the best choices for your situation.


Reversing a reverse mortgage involves several steps, including meeting eligibility criteria, contacting the lender, repaying the loan balance, and seeking professional advice. It is crucial to carefully consider the financial implications and make informed decisions throughout the process. Reversing a reverse mortgage can provide homeowners with the opportunity to regain ownership of their home and explore alternative financial options.