Access Your Home Equity
You've spent decades building equity. A reverse mortgage lets you access that equity as cash — for living expenses, home upgrades, medical bills, or whatever matters most to you.
NMLS #976231 · Licensed in 16 states · Equal Housing Lender
Put Your Home’s Equity to Work for You
Ennkar helps qualifying homeowners access the equity they’ve built over a lifetime — with no required monthly mortgage payments.*
Licensed in 16 statesTop-10 Nationally RankedHECM & Jumbo Programs Available
*You must continue to pay property taxes, homeowner’s insurance, and home maintenance. This is not a commitment to lend. Actual results depend on age, home value, and current program guidelines.
Helping You Make Informed Decisions
Our goal is to educate, not pressure. Whether you’re just curious or ready to take the next step, Ennkar is here to help.
Learn Your Options
Our licensed loan officers explain HECM and proprietary (jumbo) reverse mortgage programs, payout methods, and what to expect at closing — in plain English, with no pressure.
Get a Free Estimate
Use our online estimate tool to see a range of what you may be able to access. Then speak with a licensed Ennkar loan officer at no cost and with no commitment.
Simple Process
How It Works
Three straightforward steps from first question to final decision.
01
Tell Us About Your Home
Share your home's location and estimated value using our short online form. It takes about two minutes and requires no personal financial information to begin.
02
Review an Educational Estimate
See a range of what you may be able to access based on age, home value, and current program guidelines. This is educational information — not a commitment to lend.
03
Speak With a Licensed Loan Officer
A licensed Ennkar reverse mortgage specialist reviews your full situation, answers every question, and helps you understand which program — HECM, Jumbo, or HECM for Purchase — may fit your retirement. No charge, no obligation.
Reverse Mortgage Basics
What Is a Reverse Mortgage?
A reverse mortgage allows eligible homeowners to convert a portion of their home equity into cash, a credit line, or monthly payments — without selling their home or giving up ownership. There are no required monthly principal and interest payments.
The most common program is the HECM (Home Equity Conversion Mortgage) — an FHA-insured loan available to homeowners age 62 and older. Ennkar also offers proprietary (jumbo) reverse mortgage programs for higher-value homes, which may be available to qualifying homeowners as young as age 55.
The loan balance grows over time and is typically repaid when the last borrower sells the home, moves out permanently, or passes away. On HECM loans, FHA insurance ensures you and your heirs will never owe more than the home is worth at the time of repayment.
Important
A reverse mortgage is a significant financial decision. Borrowers must continue to pay property taxes, homeowner’s insurance, and home maintenance. Failure to meet these obligations can trigger the loan to become due and payable. HUD-approved counseling is required before finalizing a HECM — we encourage every borrower to complete it.
Ready to See Your Numbers?
Start a free, no-obligation estimate online — or call us directly and speak with a licensed loan officer today.
No cost. No commitment. No pressure.
Frequently Asked Questions
Common Questions
Plain answers — no jargon.
What age is required for a reverse mortgage?
For a government-insured HECM reverse mortgage, at least one borrower must be age 62 or older. Some proprietary reverse mortgage programs may be available starting at age 55. If you have a younger spouse or co-owner in the home, ask a licensed loan officer about eligible non-borrowing spouse protections.
Will I still own my home?
Yes. You remain on the title and retain ownership of your home throughout the life of the loan. The loan becomes due when the last remaining borrower moves out permanently, sells the home, or passes away.
Are there required monthly payments?
There are no required monthly principal and interest payments on a HECM reverse mortgage. You must continue to pay property taxes, homeowner's insurance, and home maintenance costs for the duration of the loan.
Are reverse mortgage funds taxable?
Loan proceeds from a reverse mortgage are generally not considered income and are typically not subject to federal income tax. We recommend consulting a qualified tax advisor for guidance specific to your situation.
How is a HECM different from a home equity loan?
Unlike a home equity loan or HELOC, a HECM reverse mortgage does not require monthly repayment of principal and interest. The loan balance grows over time and is typically repaid when the home is sold or the last borrower leaves.
What happens to the loan when I move or pass away?
The loan becomes due and payable. Your heirs have options: they can repay the loan balance and keep the home, or sell the home and keep any remaining equity after the loan is repaid. With FHA insurance, they will never owe more than the home is worth.
Still have questions?
Try our free estimate tool, or call to speak with a licensed Ennkar loan officer — no cost, no commitment.