Home
The Washington Trust Company
Talk to Us
Account Access
ACCOUNT SERVICE CENTER
ATM/BRANCH LOCATOR
ATM Branches
Select city
or Zip Code

Reverse Mortgages

Reverse

If you're a homeowner age 62 or older, a reverse mortgage could be right for you. Use the cash to supplement your retirement income, finance home renovations, or pay for long-term health care coverage.

A reverse mortgage is a loan that allows senior homeowners to convert home equity into cash while living at home for as long as they want to. You can receive payments as a lump sum, line of credit, or monthly payment for a specific term or for life. Funds are tax-free monthly payment for a specific term or for life and can be used for any purpose. Borrowers continue to own their own home. There is no monthly mortgage payment, income or credit qualifications, and the loan does not becomes due until the (last) borrower moves out, dies or sells the home.

Find out more!


This material is not provided by, nor is it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). You should consult your benefits specialist, or financial advisor as Reverse Mortgage payments may have an effect on your particular situation. Consult your tax advisor

The Washington Trust Company
© 2011 Washington Trust Company | All Rights Reserved
Important Information about FDIC Insurance Coverage
Maintenance

System Maintenance

October 26, 2014
12:30 a.m. until 4:30 a.m.

Due to system maintenance, Online Banking and Mobile Banking will be unavailable on Sunday, October 26 between the hours of 12:30 a.m. and 4:30 a.m.