Improve monthly cash flow
A reverse mortgage may pay off an existing mortgage balance, removing required monthly principal and interest payments. Property taxes, insurance, upkeep, and occupancy obligations continue.
Utah homeowners 62+
Reverse mortgages.
Made simple.
Unlock your home equity while staying in the home you love.
A reverse mortgage may help improve retirement cash flow, access home equity, or create a financial safety net for the future.
The challenge is knowing whether it’s the right option for your situation. That’s where Julie Crow can help.
No pressure. No obligation. Just honest answers.
For HECMs, taxes, insurance, maintenance, and primary-residence requirements still apply. Interest and fees increase the loan balance.
20+ years of mortgage experienceLocal Utah guidanceEducation comes first
Start with your questions
You’re not alone
in wondering.
These are important questions, and you deserve clear, straightforward answers. Julie takes the time to explain how reverse mortgages work, who they may benefit, and when another solution might be a better fit.
Get clear answers- Can I stay in my home?
- Will the bank own my house?
- What happens to my children when I’m gone?
- How much money could I qualify for?
- What are the risks?
- Is a reverse mortgage actually a good idea?
More room for what matters
How a reverse mortgage may help.
Every homeowner’s situation is different. Here are some reasons people explore their options.
Increase financial flexibility
Accessing a portion of your home’s equity may provide funds for retirement goals, healthcare expenses, home improvements, travel, or unexpected costs.
Create a retirement safety net
Depending on the program and your situation, a line of credit may provide access to funds when you need them. Review the terms, costs, and available options.
Age in place
Many homeowners want to remain in the home and community they love. A reverse mortgage may help make that possible while loan requirements are met.
Consider your other retirement assets
Some retirees explore using home equity alongside savings and investments. Consider borrowing costs and the impact on your remaining equity with your trusted advisers.
What would make retirement feel easier?
Let’s start with your goals and work through the possibilities together.
Ask Julie a Question
A new home. A new chapter.
Planning a move
in retirement?
Eligible borrowers may also use a reverse mortgage to purchase a new home. It may be worth exploring if you want to:
- Downsize into a more manageable home
- Move closer to family or grandchildren
- Find a home with fewer stairs
- Reduce maintenance responsibilities
With HECM for Purchase, you contribute funds for the difference between the loan proceeds and the purchase price plus closing costs. Taxes, insurance, upkeep, and occupancy obligations continue.
Discuss Reverse Mortgage Purchase OptionsYour goals come first
Is a reverse mortgage right for you?
It may be worth exploring if you’re 62 or older, have substantial home equity, want more retirement flexibility, and plan to remain in your home long term.
Those are starting points for a conversation, not a qualification decision. No two homeowners are exactly alike.
Talk through your situationWhy work with Julie?
Education before recommendations.
With more than 20 years of mortgage experience, Julie helps Utah homeowners understand their options, evaluate the pros and cons, and make informed decisions with confidence.
Her goal isn’t to convince you that a reverse mortgage is the right choice. It’s to help you understand your options so you can make the best decision for your future.
Facts, not misconceptions
Your questions.
Straightforward answers.
Understanding the benefits and the responsibilities is the first step.
Independent resources:
CFPB reverse mortgage guide
HUD’s HECM information
Do I still own my home?
Yes. With a HECM, you retain title to your home. The home secures the loan, and failure to meet loan obligations can lead to foreclosure.
How old do I need to be?
HECM borrowers must be at least 62 and meet financial and property requirements. HUD-approved HECM counseling is required. Other reverse mortgage products may have different terms. Age alone does not establish eligibility.
Can I leave my home to my children?
Your heirs have options under program guidelines, but the loan still needs to be resolved. Review repayment, keeping or selling the home, and any protections for a spouse or co-borrower before making a decision.
Can funds be received as a lump sum or line of credit?
Depending on the program and your situation, funds may be available through a lump sum, line of credit, monthly payments, or a combination of options.
Is there a required monthly mortgage payment?
A HECM does not require monthly principal and interest payments. You must still pay property taxes and required insurance, maintain the home, and meet principal-residence requirements. Interest and fees added to the loan increase the balance over time.
When does the loan need to be repaid?
A sale, permanent move, or death can trigger repayment, subject to protections for co-borrowers or eligible non-borrowing spouses. Discuss future care and the options available to your family.
Is a reverse mortgage right for everyone?
No. It depends on your individual circumstances and long-term goals. Compare costs, alternatives, your expected time in the home, and what equity may remain for a future move or your estate.
Let’s talk about your options
A little clarity can make a big difference.
Whether you’re exploring ways to improve cash flow, access home equity, or purchase a retirement-friendly home, Julie is here to help you understand your options.
No obligation. No pressure. Just honest guidance.
Call Julie directly801-836-9712