M&T Bank : Reverse Mortgage
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M&T's Reverse Mortgage. Make the most of your retirement.Elderly couple

Need a Reverse Mortgage?

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Reverse Mortgage FAQs

An M&T reverse mortgage enables you to use the equity in your home to supplement your retirement if you are 62 or older. These typically tax-free funds can be used for day-to-day living, education expenses or to have emergency cash on hand.

If you own a property located in Connecticut, Delaware, the District of Columbia, Maryland, New Jersey, New York, Pennsylvania or Virginia - M&T may be able to help.

What is a reverse mortgage?
Reverse mortgages allow homeowners age 62 and older to convert some of their home’s equity into cash without having to worry about making monthly payments.  You’ll still own your home and the bank is repaid later, once your home is sold or your estate is settled.

Is a reverse mortgage right for me?

How do I qualify?
The dollar amount you qualify for is based on your home's value, the age of the youngest homeowner and the expected interest rate. Credit score is not considered.

Complete this form to begin working with an M&T Reverse Mortgage Specialist.

How much money can I get with a reverse mortgage?
Your available funds depend on several factors including the youngest homeowner’s age, type of reverse mortgage, current interest rates, your area’s FHA lending limits and any real estate liens on the property.

How do I receive payments?
Payments can be received in a variety of ways, allowing you to tailor a payout plan to meet your needs. You can receive tax-free payments in the form of a lump sum, monthly check, a line of credit or any combination of these options. Consult a tax advisor to learn more.

How do I get started?

NMLS # 381076

Reverse Mortgages are available in CT, DE, DC, MD, NY, NJ, PA, and VA. Consult your Social Security, Medicare, tax or other financial advisor to determine how Reverse Mortgage payments may affect your particular situation. You must also continue to occupy your home as your primary residence, keep it in good repair, with all taxes and insurance premiums up to date. Subject to the terms of your mortgage. This material was not developed by HUD or FHA nor approved by them. This is not a commitment to make a mortgage loan.

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