MetLife Bank offers reverse mortgages with interest rates that may be lower than other lenders. We can help you understand the options available to you and what value they can bring to your situation. Contact one of our reverse mortgage consultants for more information.
 

• Fixed-Rate Home Equity Conversion Mortgage
  Lock in an interest rate for the entire life of your loan and take 100% of your funds at closing with a fixed-rate Home Equity Conversion Mortgage (HECM). With this government-insured loan, you will always know exactly how much interest is accruing on your reverse mortgage—and eliminate any worry that the rate may increase.  Learn more about how you can get more money at a lower up-front cost
   
  
• Adjustable-Rate Home Equity Conversion Mortgage
  The adjustable-rate Home Equity Conversion Mortgage (HECM) is also government insured—but may provide you with greater flexibility, because it generally provides more options for you to receive your reverse mortgage proceeds (e.g., as a line of credit, monthly payment, lump sum, or a combination of these). And the adjustable-rate HECM may be offered at lower interest rates.
   
  
• Home Equity Conversion Mortgage for Purchase
  A Home Equity Conversion Mortgage (HECM) for Purchase helps you purchase a home by taking out a reverse mortgage on that home. It's applicable for the purchase of a one- to four-family dwelling unit, to be occupied as a principal residence only. It could help you move to a home that will better fit your future needs.
   
  
• Refinancing
  One of the most often asked questions about reverse mortgages is: can they be refinanced? The answer is yes. And in fact, refinancing can be a useful option if your home increases in value—making more equity available for you to access. Please note that the appraised value of your home may affect your loan amount.
   
  

Whatever product you select, we can provide you with information and assistance throughout the reverse mortgage process. Try using our reverse mortgage calculator or contact one of our mortgage consultants today for more information.