Product Options

Reverse Mortgage Product Options

The Home Equity Conversion Mortgage (“HECM”) is a federally insured financial instrument allowing eligible homeowners to leverage their home equity in a variety of progressive ways.

Generation Plus® is a fixed rate, proprietary jumbo loan product for homes with appraised values between $500,000 and $6 million. This product is offered by Generation Mortgage Company and is not federally insured.

Rate Options

Two rate options are available to Home Equity Conversion Mortgage applicants.


The fixed rate option provides a single disbursement of all loan proceeds at the time of closing. Interest, Mortgage Insurance Premiums, and service fees (if applicable) accrue on the monthly loan balance owed.


The LIBOR option is an adjustable rate, which provides the borrowers flexibility on how and when to use the funds available, along with the option of a line-of-credit. The borrower may access the funds via a line-of-credit, tenure or term payments, lump sum or a combination. Interest accrues on the funds borrowed plus monthly fees. The unused portion of the line-of-credit continues to grow and is not subject to interest or monthly charges. The Generation Plus® does not offer an adjustable rate option.

Initial Eligibility Requirements

Homeowners must meet the following initial criteria to be eligible for a conversion mortgage:

Additional Features

Several features of a conversion mortgage include, but are not limited to, the following:

Primary Borrower Responsibilities

For more information about Home Equity Conversion Mortgages, talk to one of our Home Equity Conversion Mortgage ('reverse mortgage') Professionals.

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