Managing bills each month can be a daunting task, especially when juggling multiple financial commitments. One effective strategy to streamline this process is setting up automatic payments. When setup on an active repayment plan, automatic payments, also known as ACH or auto-debits, allow you to authorize us to automatically deduct the repayment plan payment from your bank account. 

We call this service Autopay. This hassle-free service allows you to set it up and not have to worry about forgetting to make your repayment plan payment each month. Simply choose a draft date on or before the repayment plan start date and we will automatically debit the funds from your checking or savings account on the same day each month. 

This free and easy payment option offers several benefits:

• Conveniently schedule recurring payments through your checking or savings account, ensuring the payment is on time, every time. 
• Choose a payment date on or before the repayment plan start date that works for you. 

Please note:

• Credit and debit card payments are not an acceptable form of payment when setting up Autopay. 
• The signed Repayment Plan Agreement must be received prior to setting up Autopay. 
• Autopay must be established at least five days prior to the first repayment plan payment. 

Check out our Frequently Asked Questions to get answers to questions about your reverse mortgage such as payments, automatic disbursement requests, occupancy and more.