Borrow from your home's equity without making payments.
If you're a homeowner who is 62 or older, a reverse mortgage allows you to convert some of your home's equity into cash without having to worry about making monthly payments. You'll still own your home. M&T Bank is repaid later, once your home is sold or your estate is settled.
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Where does M&T offer reverse mortgages?
M&T offers reverse mortgages in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia and Washington, DC.
Am I eligible?
If you are a homeowner 62 years of age or older, you live in your home as your primary residence, and you live in a 1- to 4-family owner-occupied home, planned unit development (PUD) or approved condo – talk to an M&T Reverse Mortgage Specialist to see if you are eligible. The dollar amount you may be eligible for is based on several factors including your home's value, the age of the youngest homeowner, and the interest rate.
Request an estimate today.
To get an estimate of funds available to you and learn more about the reverse mortgage process, contact us today.
What to Expect
Whether over the phone or in person, it takes just a few minutes. An M&T Reverse Mortgage Specialist will ask you a few easy-to-answer questions – such as your age, approximate home value, and whether you have outstanding liens or debts – and then we can give you an estimate.
How to Reach Us
You can request your reverse mortgage estimate by:
- Calling 1-888-253-0712 to speak with an M&T Reverse Mortgage Specialist (Monday–Friday 8:30am–5:00pm ET)
- Completing the
online contact form