A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically...
Origins of Reverse Mortgage ; 1969 congressional hearings regarding Reverse Mortgage as” Housing Equity” ; 1983 the Senate approved reverse mortgages being insured by FHA ; 1984 the American Homestead set the foundation for the loan to stay in place until the borrower permanently leaves the house
Reverse mortgages let you cash in on the equity in your home: these mortgages can have serious implications.
A reverse mortgage allows older homeowners to tap their home equity. You have several options for how to receive the money. Learn how a reverse mortgage works.
Reverse mortgages might be attractive options for seniors with limited incomes and financial uncertainty. However, these types of mortgages are complicated financial products that often have signif...
Considering a reverse mortgage loan? Already have one? Learn more about Home Equity Conversion Mortgages (HECMs), the most common type of reverse mortgage loan.
16 2.1 Reverse Mortgage Product Development. 17 2.2 The HECM Program. 18 2.3 HECM Program Requirements & Consumer Protections. 20 2.4 Key Product Decisions for the Prospective Borrower. 23...
Department of Housing and Urban Development (HUD), hud.gov approved reverse mortgage counselor today. A detailed discussion with a counselor will give you important information to help you...
Use the reverse mortgage calculator to see how a reverse mortgage can affect the equity you have in your home.
Understand how a reverse mortgage or other equity release product works. Get independent advice before you go ahead.