Pay off an existing mortgage and eliminate monthly mortgage payments Make retirement savings last longer Use a “standby” Home Equity Conversion Mortgage growing line of credit to preserve investment accounts during market downturns or build a safety net for unplanned emergencies, home repairs, and healthcare expenses Supplement your retirement income with monthly payments Use a Home Equity Conversion Mortgage for Purchase Loan to buy a home that better fits your needs Support aging in place expenses, like caregiving and home modifications