Work with Ryan O’Kane to unlock the value of your home through a reverse mortgage. Whether you want to eliminate monthly payments, supplement retirement income, or purchase a new home, Arbor Financial Group offers expert guidance tailored to your financial goals.
A reverse mortgage is a unique home loan that allows homeowners aged 62 or older to convert a portion of their home equity into cash—without selling their home or making monthly mortgage payments. Ryan O’Kane and Arbor Financial Group help guide clients through this option with care, making it a valuable solution for those looking to supplement retirement income.
To qualify for a reverse mortgage, you must be at least 62 years old, live in the home as your primary residence, and have sufficient home equity. Ryan O’Kane offers personalized support to determine your eligibility and help you explore how this option could enhance your financial future with confidence and clarity.
With a reverse mortgage, you receive funds based on the value of your home equity. The loan is repaid only when the home is sold, refinanced, or no longer your primary residence. Ryan walks you through each step, ensuring your reverse mortgage loan is structured to meet your long-term financial goals with complete transparency.
Yes! A reverse mortgage for purchase allows eligible homeowners to buy a new home using loan proceeds while avoiding monthly mortgage payments. This is ideal for those looking to downsize or relocate during retirement. Ryan O’Kane and Arbor Financial Group will help you understand the process and determine if this strategy fits your lifestyle and needs.
If you already have a reverse mortgage, refinancing may offer access to more equity, lower fees, or better terms. Ryan will evaluate your current loan and discuss whether a reverse mortgage refinance is a smart move for your situation. He ensures each step is handled with honesty and your best interest in mind.
A reverse mortgage offers several advantages: no monthly payments, access to tax-free cash, and the ability to remain in your home. It can be used to cover medical expenses, supplement retirement income, or provide peace of mind. With Ryan’s guidance and the backing of Arbor Financial Group, you’ll get a clear understanding of the benefits and responsibilities.
When it comes to something as important as your retirement finances, you need experience you can trust. Ryan O’Kane brings over 14 years of expertise in guiding homeowners through the reverse mortgage process with clarity and care. Backed by the trusted team at Arbor Financial Group, Ryan offers personalized solutions designed to help you access your home equity safely and effectively. Whether your goal is to eliminate monthly mortgage payments, supplement income, or purchase a new home, Ryan ensures a smooth, transparent experience from start to finish.
Review eligibility, ongoing responsibilities and household plans before comparing a reverse mortgage with other ways to use home equity.
No. A Home Equity Conversion Mortgage is FHA-insured and has its own requirements, including a minimum borrower age of 62. Proprietary reverse mortgages have different terms. Identify the actual product before applying a rule or eligibility claim to it.
HUD-approved counseling and a financial assessment are required, along with an eligible principal residence. Existing liens generally must be paid off at closing. Available proceeds depend on several factors; owning half the home’s value does not establish eligibility by itself.
No. You must still meet the loan’s property-charge and occupancy obligations, including taxes, insurance and maintenance. Failure to comply can put the loan into default. Budget for those expenses before treating the available proceeds as spendable income.
Interest and applicable fees add to amounts borrowed unless you make voluntary payments. The growing balance can reduce equity available for a later move or inheritance. Review projections using the proposed payout method and realistic plans for how long you may remain.
Borrower and eligible non-borrowing spouse status can affect what happens after death or a permanent move. Protections are conditional and do not extend automatically to every resident. Have the counselor explain the proposed arrangement before documents are signed.
A repayment event may occur under the loan terms. A prolonged absence, including certain care-related absences, can matter. Discuss likely housing or care transitions in advance rather than assuming the loan can stay open after you move elsewhere.
Heirs generally must address the due loan, often through selling or refinancing if they want to keep the property. HECM nonrecourse protections limit liability under program rules. Ask the servicer about deadlines and valuation options; an inheritance does not cancel the lien.
Loan advances are generally not taxable income, but retained funds can affect some means-tested benefits. The use of proceeds and personal circumstances matter. Ask a qualified tax or benefits adviser about the plan before drawing a large lump sum.
Information checked September 6, 2026. Sources: CFPB: Reverse mortgage responsibilities · CFPB: Reverse mortgage terms · CFPB: Reverse mortgage costs · CFPB: Heirs and surviving household members.
