Reverse Mortgage - Turn Your Home Into Monthly Income

For seniors aged 60+: Generate steady monthly income from your property without selling it or moving out. Professional consultation and free calculation.

60+
Minimum Age
₪0
Monthly Payment
100%
Stay in Your Home
Free Calculation Free Consultation

What is a Reverse Mortgage?

A reverse mortgage is a financial solution that allows seniors aged 60+ to convert part of their home equity into monthly income, without selling the property or moving out.

Stay in Your Home

Continue living in your home as long as you wish, without any obligation to move or sell.

Monthly Income

Receive steady monthly payments based on your home's value and your age.

No Monthly Payments

No need to make monthly mortgage payments - the loan is repaid only when you sell or move.

How Does It Work?

The bank provides you with monthly payments based on your home's value. The debt accumulates over time and is repaid only when you decide to sell the home or move out permanently.

Who Is It For?

Ideal for seniors aged 60+ who own their home (with little or no mortgage debt) and want to improve their quality of life without selling their property.

Advantages of Reverse Mortgage

Steady Monthly Income

Receive guaranteed monthly payments that improve your quality of life and financial security.

Stay in Your Home

Continue living in your familiar environment without the need to move or downsize.

No Monthly Payments

Unlike a regular mortgage, you don't need to make monthly payments to the bank.

Property Value Appreciation

You continue to benefit from any increase in your property's value over time.

Inheritance Protection

Your heirs can choose to repay the loan and keep the property, or sell it and keep the surplus.

Tax Benefits

The monthly payments you receive are generally not considered taxable income.

The Reverse Mortgage Process

A simple and transparent process that takes about 60-90 days from application to receiving the first payment.

1

Initial Consultation

Free consultation to understand your needs and check eligibility for a reverse mortgage.

2

Property Appraisal

Professional property appraisal to determine current market value and loan amount.

3

Application Submission

Submitting the application with all required documents to the lending institution.

4

Approval and Signing

Receiving approval and signing the loan agreement with legal consultation.

5

Start Receiving Payments

Beginning to receive monthly payments directly to your bank account.

Reverse Mortgage Calculator

Check how much monthly income you can receive using our calculator

Your Age 70
Property Value (Million ₪) 2.0
Desired Track
Your Estimated Monthly Income
₪ 3,600
* This amount is an estimate only. For an accurate calculation that matches your personal situation and the most suitable track for you, leave your details and our expert will get back to you soon.
For Accurate Personal Calculation

Eligibility Criteria for Reverse Mortgage

Age Requirement

At least one of the property owners must be aged 60 or older.

Property Ownership

You must own the property and it must be your primary residence.

Property Value

Minimum property value of ₪1,000,000 (varies by lender).

Existing Mortgage

If there's an existing mortgage, it must be relatively small compared to property value.

Property Condition

The property must be in good condition and well-maintained.

Legal Status

Clear legal title to the property without legal complications.

Reverse Mortgage vs. Regular Mortgage

Aspect Reverse Mortgage Regular Mortgage
Monthly Payments You receive payments You make payments
Age Requirement 60+ years No age limit
Income Requirement Not required Required
Property Ownership Remains yours Remains yours
Loan Repayment When selling/moving Monthly payments
Interest Accumulation Accumulates over time Paid monthly
Inheritance Heirs can repay and keep Heirs inherit with debt

Success Stories

Hear from our clients who improved their quality of life with reverse mortgage

"At age 72, after the pension wasn't enough for daily needs, we turned to 'Kessem Finance' for a reverse mortgage. Within a month we started receiving an additional ₪4,200 every month. It changed our lives - finally we could take care of medical expenses, help the grandchildren and even go on a small vacation."
Abraham and Sarah Levy
Abraham and Sarah Levy
Ages 72 and 70, Ramat Gan
"I always feared reverse mortgage, until I met with the consultant from Kessem Finance. He patiently explained all the options, advantages and risks. I chose a combined track and received ₪150,000 for apartment renovation plus ₪2,800 monthly. Today my apartment is renovated and comfortable, and I live with financial comfort I never knew before."
Rachel Berkowitz
Rachel Berkowitz
Age 68, Haifa
"After years of deliberation, we decided to take a reverse mortgage to help our son purchase an apartment. At Kessem Finance we received a much better offer than the bank, and within two weeks we received the money. We continue living in our home, but now our son also lives in his own apartment. It was one of the best decisions we made in recent years."
Jacob and Rebecca Goldberg
Jacob and Rebecca Goldberg
Ages 75 and 73, Jerusalem

Frequently Asked Questions

What happens to the property when I pass away?

Your heirs have several options: they can repay the loan and keep the property, sell the property and keep the surplus after loan repayment, or transfer the property to the lender. In any case, the debt will never exceed the property's value.

Can I lose my home with a reverse mortgage?

No, as long as you continue living in the home, maintain it properly, and pay property taxes and insurance, you cannot lose your home. The loan is repaid only when you decide to sell or move permanently.

How much money can I receive monthly?

The monthly amount depends on several factors: your age, property value, current interest rates, and existing mortgage debt. Generally, the older you are and the more valuable your property, the higher the monthly payment.

Are the monthly payments I receive taxable?

Generally, the monthly payments from a reverse mortgage are not considered taxable income. However, it's recommended to consult with a tax advisor for your specific situation.

Can I pay off the reverse mortgage early?

Yes, you can repay the reverse mortgage at any time without penalty. This can be done through property sale, refinancing, or any other source of funds.

What are the costs involved in a reverse mortgage?

Costs include property appraisal, legal fees, registration fees, and ongoing interest. All costs are typically financed as part of the loan, so you don't need to pay them upfront.

Get Free Consultation for Reverse Mortgage

Leave your details and a reverse mortgage expert from Kessem Finance will contact you for a free consultation call to examine the options available to you.

  • Free consultation without commitment
  • Personal calculation of monthly payment
  • Over 15 years of experience in reverse mortgages
  • Professional guidance throughout the process

Leave Details for Consultation