Our proprietary solution designed to give you more access to your home's wealth, with greater flexibility than ever before..
Are you a homeowner aged 55 or older with a high-value home? You've built significant equity, and now it's time to put it to work on your terms. Introducing EquityIQ by Liberty Reverse Mortgage - our proprietary solution designed to give you more access to your home's wealth, with greater flexibility than ever before.
What is Equity IQ?EquityIQ is a unique, fixed-rate reverse mortgage product developed by PHH Mortgage and offered exclusively through LIberty Reverse Mortgage. It's a private alternative to the traditional HECM (Home Equity Conversion Mortgage) tailored for homeowners who:
- Are at least 55 years old (subject to state variations)*
- Own a higher-value home
- Want a fixed-rate loan
- Want access to more of their equity for financial goals
EquityIQ is designed to empower you with greater financial control and peace of mind. Here is what sets it apart:
- Access to More Equity: Unlike traditional HECMs, EquityIQ offers higher maximum loan amounts, allowing you to unlock more cash from your home's value
- Lower Age Requirement: Start benefiting sooner! Available to homeowners age 55 and older in eligible states, giving you a headstart on retirement planning
- ou must be able to pay off your existing mortgage using the HECM loan proceeds
- No Monthlly Servicing Fees: Save even more with no ongoing monthly servicing fees.
- No Mortgage Insurance: EquityIQ comes with no upfront or ongoing mortgage insurance premiums, a significant saving compred to FHA-insured HECM loans.
- Full Draw at Closing: Receive your full loan proceeds in one lump sum at closing, providing immediate access to the funds you need.
The cash you access through EquityIQ can be used for virtually any purpose, providing powerful financial flexibility:
- Supplement Retirement Income: Creative a constant income stream
- Eliminate Existing Mortgage Payments: Free up monthly cash flow.**
- Consolidate Debt: Pay down high-interest debt or other loans.
- Fund Home Renovations: Transform your living space without dipping into retirement savings.
- Cover Healthcare Costs: Manage unexpected medical expenses or long-term care planning.
- Travel & Leisure: Enjoy the retirement you've always envisioned!
**You must continue to pay property taxes, homeowners insurance, and maintain the home.
This is not a commitment to lend. Any equity used in a refinance may decrease the amount of equity available to you in the future. Application approval is subject to complete underwriting review based on program guidelines; not all applicants may qualify. Limitations may apply. Not available for properties in Hawaii.
Your current mortgage(s) and any other existing liens against the property must be paid off at or before closing. You must live in the home as your primary residence, continue to pay required property taxes, and homeowners insurance, and maintain the home according to FHA HECM requirements. Failure to meet these requirements can trigger a loan default that may result in foreclosure.
Reverse Mortgage Calculator
See your reverse potential in just two steps
1
2
More To Explore
Compare HECM to HELOC
Eligibility & Requirements
How Does a Reverse Mortgage Work
Buy a Home with a Reverse Mortgage
