Do I still own my home with a reverse mortgage?

Yes. The borrower keeps title to the home. The lender records a lien, exactly as with a traditional mortgage, and does not take ownership.

Do I have to make a monthly mortgage payment?

No monthly mortgage payment is required while you live in the home as your primary residence and keep property taxes, homeowners insurance, HOA dues, and maintenance current. Those obligations continue for the life of the loan.

What happens to my heirs?

Heirs can keep the home by repaying the loan balance, often by refinancing, or they can sell it and keep any remaining equity. HECMs are non-recourse, so neither the borrower nor the heirs owe more than the home's value at repayment.

When does a reverse mortgage become due?

The loan becomes due and payable when the last borrower permanently leaves the home through sale, a permanent move, or death, or if loan obligations such as property taxes, insurance, and primary residency are not met.

Is a reverse mortgage a government loan or benefit?

No. It is a loan that must be repaid. HECMs are insured by the FHA, a government agency, but the loan is made by a lender and is not a government grant or benefit.

Is HUD-approved counseling required?

Yes, for a HECM. An independent HUD-approved counselor reviews the program, its costs, and alternatives with you before an application can proceed. Counseling is available by phone or in person.

What will my rate and costs be?

Rates, fees, and available proceeds depend on your age, home value, program, and current market rates, so they are not published. Call Living62 at (916) 624-0767 for figures specific to your situation.

Which areas does Living62 serve?

Living62 works with homeowners in California, Idaho, Texas, Tennessee, Georgia, Oklahoma, and Colorado. In Texas, both spouses generally must be 62 or older.

Terms & Conditions

Living62 Reverse Mortgages A reverse mortgage service of CDL Mortgage Services Inc.

Last updated: July 8, 2026 · Effective date: July 8, 2026

The short version

Living62 is a reverse mortgage brand of CDL Mortgage Services Inc., an independent mortgage broker. We arrange loans. We are not the lender, and the funding lender makes the credit decision.
Nothing on this website is a loan approval, a rate lock, or a commitment to lend.
Rates, principal-limit examples, and calculator results are estimates. The Loan Estimate and Closing Disclosure control.
A Home Equity Conversion Mortgage (HECM) requires HUD-approved counseling before you can close. Counseling is education, not approval.
Give us accurate information. A false statement on a mortgage application is a federal crime.
You can opt out of texts by replying STOP. Consent to marketing messages is never required to get a loan.
Questions: (916) 624-0767 or team@cdlmtg.com.

1. Acceptance of these terms

These Terms & Conditions (“Terms”) govern your access to and use of the Living62 website and the reverse mortgage services offered through it.

Living62 is a reverse mortgage brand of CDL Mortgage Services Inc. (“CDL,” “we,” “us,” or “our”), NMLS #132263, California DRE #01118984. By using this website, submitting an inquiry, or applying for a loan, you agree to these Terms and to our Privacy Policy. If you do not agree, do not use this website or our services.

2. What we do — and what we do not do

CDL Mortgage Services Inc. is an independent mortgage broker. Through Living62, we arrange reverse mortgages with third-party wholesale lenders. We are not the lender on brokered transactions. The funding lender makes the final credit decision.

Our Living62 services focus on reverse mortgages, including FHA-insured Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages where available. CDL also arranges other mortgage products outside this site. Every loan is subject to:

Borrower qualification and credit approval
Property appraisal and title review
Underwriting and program rules, including FHA/HUD rules for a HECM
HUD-approved counseling, which is required before a HECM can close
Program availability
Applicable federal and state law

Nothing on this website is a loan approval, a commitment to lend, or a lock of any interest rate or margin.

A reverse mortgage is a loan secured by your home. You keep title. You remain responsible for property taxes, insurance, maintenance, and any other property charges. Failure to meet those obligations can result in default.

3. Rates, estimates, and calculators

Interest rates, margins, annual percentage rates (APRs), principal limits, line-of-credit examples, and payment illustrations on this website are estimates only. They can change without notice and are not guaranteed until locked in writing by the lender.
Calculator results are illustrations. They do not include every cost, and they are not a quote. Line-of-credit growth examples assume program rules stay in effect and that you do not draw the funds shown.
A pre-qualification is not a commitment to lend. It remains subject to full underwriting, appraisal, title, and counseling.
The Loan Estimate and Closing Disclosure given to you under the TILA-RESPA Integrated Disclosure (TRID) rule control over anything on this website.

This website is general information. It is not financial, legal, tax, or estate-planning advice. A reverse mortgage can affect your heirs, public benefits, and the equity left in your home. Talk with a HUD-approved counselor and with your own advisors before you decide.

4. Licensing

CDL Mortgage Services Inc. is licensed as follows:

NMLS #132263
California Department of Real Estate license #01118984 (loans made or arranged under the California Real Estate Law)
Licensed or registered to conduct mortgage business in Texas, Georgia, Tennessee, Oklahoma, and Idaho

Verify our license, and the licenses of our loan originators, at nmlsconsumeraccess.org.

We operate under applicable federal law, including the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), the Equal Credit Opportunity Act (ECOA), the Fair Credit Reporting Act (FCRA), the Home Mortgage Disclosure Act (HMDA), the SAFE Act, FHA/HUD reverse mortgage rules where a HECM is involved, and applicable state lending and brokerage laws.

5. Equal housing opportunity

We do business under the federal Fair Housing Act and the Equal Credit Opportunity Act. We do not discriminate on the basis of race, color, religion, national origin, sex (including sexual orientation and gender identity), marital status, familial status, age (provided the applicant has the capacity to contract), disability, receipt of public assistance income, or the good-faith exercise of rights under the Consumer Credit Protection Act.

If you believe you have been discriminated against, you may file a complaint with:

U.S. Department of Housing and Urban Development (HUD), 1-800-669-9777
Consumer Financial Protection Bureau (CFPB), consumerfinance.gov/complaint

Age eligibility for a HECM (generally 62 or older for the youngest borrower) is a program rule, not a credit decision based on age.

6. State complaint notices

Texas residents: COMPLAINTS REGARDING A LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV.

California residents: Loans made or arranged pursuant to a California Department of Real Estate license (#01118984). Complaints may be directed to the California Department of Real Estate at dre.ca.gov or (877) 373-4542.

Georgia residents: Complaints may be directed to the Georgia Department of Banking and Finance, 2990 Brandywine Road, Suite 200, Atlanta, GA 30341, (770) 986-1633.

Tennessee residents: Complaints may be directed to the Tennessee Department of Financial Institutions, 312 Rosa L. Parks Avenue, Nashville, TN 37243, (615) 741-2236.

Oklahoma residents: Complaints may be directed to the Oklahoma Department of Consumer Credit, 629 NE 28th Street, Oklahoma City, OK 73105, (405) 521-3653.

Idaho residents: Complaints may be directed to the Idaho Department of Finance, P.O. Box 83720, Boise, ID 83720-0031, (208) 332-8000.

7. Your responsibilities

You agree to give accurate, current, and complete information in any inquiry or application. Knowingly making a false statement on a mortgage application is a federal crime under 18 U.S.C. § 1014, punishable by fine and/or imprisonment.

You are responsible for keeping your account credentials confidential and for activity under your account. Tell us promptly about any unauthorized use.

8. Electronic communications and signatures

By using our services, you consent to receive disclosures, notices, and other communications electronically, and to the use of electronic signatures, under the federal Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA) as adopted in your state.

You may withdraw this consent, or ask for paper copies, by contacting us. Withdrawal may delay your application. Keep copies of the electronic records we send you.

9. Calls and text messages

By giving us your telephone number, you consent to be contacted by CDL at that number by phone or text, including with automated technology, about your inquiry or application.

Consent to marketing communications is not a condition of obtaining a loan or of purchasing any property, goods, or services. Message and data rates may apply. Revoke consent at any time by replying STOP to a text, or by contacting us.

10. Our content, and acceptable use

All content on this website — text, graphics, logos, calculators, and software — belongs to CDL Mortgage Services Inc. or its licensors and is protected by copyright and trademark law.

You may not copy, scrape, or reverse-engineer this website, use it for an unlawful purpose, submit false information, interfere with its operation, or attempt unauthorized access to any system or data.

11. Third-party sites

This website may link to third parties, including lenders, credit bureaus, HUD counseling agencies, and settlement service providers. We are not responsible for their content, privacy practices, or services. Your use of those sites is at your own risk and subject to their terms.

12. Disclaimer of warranties

THIS WEBSITE AND ITS CONTENT ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. Information on this website is for general informational purposes only and does not constitute financial, legal, or tax advice. Consult qualified professionals about your own circumstances.

13. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, CDL MORTGAGE SERVICES INC. SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF, OR INABILITY TO USE, THIS WEBSITE OR OUR SERVICES. Some states do not allow the exclusion or limitation of certain damages. In those states, our liability is limited to the fullest extent the law allows. Nothing in these Terms limits rights you have under consumer protection laws that cannot be waived.

14. Governing law and disputes

These Terms are governed by the laws of the State of California, without regard to conflict-of-law principles, except where the mandatory consumer protection law of your state of residence applies.

Any dispute arising from these Terms or your use of this website shall be resolved in the state or federal courts located in Placer County, California, unless applicable law requires otherwise. This section does not limit your right to file a complaint with any regulator listed in Section 6.

15. Changes and severability

We may change these Terms at any time. Changes take effect when posted on this page with a new “Last updated” date. Continued use means you accept the revised Terms. If a provision is held invalid, the rest remain in effect.

16. Contact

CDL Mortgage Services Inc. Living62 Reverse Mortgages 6524 Lonetree Blvd Rocklin, CA 95765

Phone: (916) 624-0767 Email: team@cdlmtg.com

NMLS #132263 · California DRE #01118984 Verify at nmlsconsumeraccess.org

Equal Housing Opportunity. CDL Mortgage Services Inc., NMLS #132263. This is not a commitment to lend. All loans are subject to credit approval. Rates and terms are subject to change without notice.

This page is a reorganization of the CDL Mortgage Services Inc. terms dated July 8, 2026, adapted for the Living62 reverse mortgage site. It is not a substitute for review by compliance counsel before publication.