Reverse Mortgage Refinance

Refinance an existing reverse mortgage to access more equity, change your payout, or add an eligible spouse.

Your Home Has Grown.
Your Loan Can Too.

If your home’s value has risen or the HECM limit has increased since you closed, refinancing your reverse mortgage may give you access to more funds. A new loan pays off the existing one, and you continue with no required monthly mortgage payments.

Access equity from rising home values

Benefit from higher HUD lending limits

Add a spouse who is now 62 or older

Switch to a line of credit or new terms

Get Your Free Quote

Call Us: 800-558-0475

Why Refinance Your Reverse?

A reverse mortgage refinance only makes sense when it clearly benefits you. We run the numbers first and tell you honestly whether it is worth doing.

Eligibility

Current reverse mortgage borrowers who live in the home and are current on taxes and insurance.

More Equity

Rising home values and higher limits can increase the funds available under a new loan.

Better Terms

Move to a different rate, payout option, or a growing line of credit that fits your needs today.

Spouse Protection

Add a spouse who was too young to be a borrower at your original closing.

Honest Benefit Test

HUD requires a HECM refinance to deliver a meaningful benefit relative to its cost. We confirm that before you apply.

HECM or Proprietary

We compare refinancing into a new HECM or a proprietary program to find the stronger option for you.

In-House Processing

From application to closing, your loan stays with our team. No third-party processors, no handoffs.

The Details

Understanding a
Reverse Refinance.

A reverse mortgage refinance replaces your current reverse loan with a new one. The key question is whether the new loan gives you enough additional value to justify the cost.

When It Makes Sense

Refinancing is worth considering when your home has appreciated significantly, the HUD lending limit has risen, interest rates have moved in your favor, or you want to add a spouse. We compare your current loan side by side with a new one.

What HUD Requires

For a HECM to HECM refinance, the increase in available funds must be large enough relative to closing costs, and the new loan must be in your interest. Counseling generally applies, and we guide you through each step.

Your Ongoing Responsibilities

You keep the title and continue living in the home, paying property taxes and homeowners insurance, and maintaining the property. The new loan is repaid when the last borrower sells, moves out permanently, or passes away.

How It Works

Our Loan Process

Four clear steps from your first conversation to closing day, all handled by one in-house team.

Consultation

We start by understanding your goals. Your dedicated loan officer reviews your situation and recommends the right program.

Pre-Approval

Our technology compares your scenario across multiple investors in minutes. You get a clear picture of your rates, costs, and options.

Processing

Your in-house processor collects documents, orders the appraisal, and coordinates with title and closing. No third-party handoffs.

Closing

Final documents are prepared, reviewed, and signed. Funds are disbursed. Your loan officer stays with you through the last signature.

Ready to Get Started?

500 N. Franklin Turnpike, Suite 303
Ramsey, NJ 07446

Call: 800-558-0475
Email: info@ophomeequity.com

Frequently Asked Questions

Answers to the questions we hear most about refinancing a reverse mortgage.

When should I consider refinancing my reverse mortgage?

Consider it when your home value has increased, the HUD lending limit has gone up, rates have moved in your favor, or you want to add a spouse. We tell you honestly if the numbers work.

Will refinancing cost money?

Yes. A refinance involves closing costs, which can often be paid from the new loan. HUD requires the benefit of a HECM refinance to be meaningful compared to those costs, and we show you the full comparison.

Can I add my spouse to the loan?

Yes. If your spouse is now 62 or older, a refinance can add them as a borrower, giving them the same rights to remain in the home.

Can I refinance from a HECM into a proprietary loan?

Yes. If your home value is well above the HECM limit, a proprietary program may provide more funds. We compare both options for you.

Is counseling required again?

Counseling is generally required for a HECM refinance. In certain cases it can be waived, and we will let you know which applies to you.

Will I still have no monthly mortgage payment?

Yes. The new reverse mortgage continues with no required monthly mortgage payment. You remain responsible for property taxes, insurance, and home maintenance.

Opulence – Mortgage solutions with integrity Your home’s equity working for you