 It will also pay off your existing mortgage if you have one. You've been investing in your home for years, making monthly mortgage payments, doing the right thing. Well, that investment can give you tax-free cash just when you need it. Pay for medical costs, cover expenses, preserve your retirement portfolio, and create an emergency fund and much more. Our property values are sky high right now. It's a loan designed for older homeowners and has helped over a million Americans.