See how seniors across Utah used a reverse mortgage to eliminate monthly payments, access tax-free cash, and live the retirement they always imagined — without leaving the home they love.
A reverse mortgage isn't one-size-fits-all — it's a financial tool that works differently for every household. These case studies show the range of ways Utah homeowners 62 and older have used a reverse mortgage to solve real problems: eliminating a mortgage payment, funding in-home care, helping a child with a down payment, and more.
Browse each scenario below to see if your situation matches. Every story represents a real family who sat down with Chad Peck and the Reverse Freedom team in West Jordan — no pressure, no rush, just honest answers.
Click any card to download the full case study PDF.
Case Study 01
A Utah couple in their late 60s eliminates their monthly mortgage payment using a HECM, freeing up hundreds of dollars every month for living expenses and peace of mind.
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Case Study 02
A retired Utah homeowner turns home equity into a monthly tax-free income stream, covering the gap between Social Security and actual living costs — without selling the home.
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Case Study 03
A Utah homeowner uses a lump-sum reverse mortgage to pay off credit card debt and a car loan, dramatically reducing monthly financial stress and improving quality of life.
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Case Study 04
A Utah retiree downsizes and uses the HECM for Purchase program to buy a new home with no monthly mortgage payment, preserving cash savings and moving closer to family.
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Case Study 05
A Utah family sets up a reverse mortgage line of credit to fund in-home care services for an aging parent, avoiding a nursing home and keeping the family home intact.
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Case Study 06
A Utah financial advisor and their client incorporate a reverse mortgage line of credit as a standby safety net, protecting a retirement portfolio from sequence-of-returns risk.
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Case Study 07
A Utah homeowner accesses equity to fund age-in-place modifications — stair lift, wider doorways, updated bathrooms — allowing them to stay safely in the home they love, with no monthly payment.
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Case Study 08
A Utah couple uses a lump-sum distribution to gift their adult child a first home down payment — a meaningful legacy made possible by the equity they built over a lifetime.
Download case studyReverse Freedom Mortgage has served families across the Wasatch Front since 2008 — Salt Lake City, West Jordan, Provo, Ogden, Draper, and beyond. Every consultation is free, with no obligation and no pressure. Just a patient conversation with a local expert.
You must be at least 62 years old, own your home (or have significant equity), and live in the home as your primary residence. The home must meet FHA property standards. Most single-family homes, FHA-approved condos, and manufactured homes in Salt Lake City, West Jordan, Provo, and across Utah qualify.
No. You remain the owner. The lender places a lien — just like a traditional mortgage. You continue to live in the home and remain responsible for property taxes, homeowners insurance, and maintenance.
The loan becomes due when the last borrower permanently leaves the home. Your heirs can repay the loan and keep the home, or sell the home to repay the loan and keep any remaining equity. Because this is a non-recourse loan, it can never exceed the home's appraised value.
Yes — and this is one of the most common scenarios we see. If you have sufficient equity, the reverse mortgage proceeds will first pay off your existing mortgage. Any remaining funds are yours to use freely. Many Utah homeowners use this to eliminate a payment entirely.
A home equity loan requires monthly payments. A reverse mortgage does not — the balance grows over time and is repaid when you leave the home. There are no monthly principal or interest payments required as long as you live in the home and keep it maintained.
Every situation is different. Our West Jordan team will walk you through exactly what a reverse mortgage would look like for your home, your equity, and your retirement goals — at no cost and with no pressure.
Utah's reverse mortgage specialists since 2008. Helping Utah retirees live the retirement they imagined.
HUD/FHA Notice: This material is not from HUD or FHA and has not been approved by HUD or a government agency.
Loan Repayment: A reverse mortgage is a loan that must be repaid. Borrowers must continue to pay property taxes, homeowners insurance, and maintain the property as a primary residence. Failure to do so may result in foreclosure.
Reverse Freedom Mortgage is licensed in the State of Utah. NMLS #1382816, Utah DRE License #9441193.
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