• Reverse Mortgages | FTC Consumer Information

    www.consumer.ftc.gov/articles/0192-reverse-mortgages Most reverse mortgages have variable rates, which are tied to a financial index and change with the market. Variable rate loans tend to give you more options on how you get your money through the reverse mortgage. Some reverse mortgages – mostly HECMs – offer fixed rates, but they tend to require you to take your loan as a lump sum at closing.
  • Reverse Mortgages - Mortgage Rates, Mortgage Debt ... - AARP

    www.aarp.org/money/credit-loans-debt/reverse_mortgages Reverse Mortgages Now Harder to Get. If you’ve thought about taking a reverse mortgage, be aware that new rules might make it harder for you to qualify
  • Reverse mortgage - Wikipedia

    en.wikipedia.org/wiki/Reverse_mortgage 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 promoted to older homeowners and typically do not require monthly mortgage payments.
  • Everything you need to know about reverse mortgages

    www.bankrate.com/mortgage/reverse-mortgage-guide A reverse mortgage is a type of loan that's reserved for seniors age 62 and older, and does not require monthly mortgage payments. Instead, the loan is repaid after the borrower moves out or dies.
  • What is a Reverse Mortgage for Seniors? | Discover How It ...

    reverse.org/what-is-a-reverse-mortgage Reverse Mortgage Eligibility. To be eligible for a reverse mortgage loan, the FHA requires the youngest borrower on title to be 62 years or older. Borrowers must also meet financial eligibility criteria as established by HUD. If there is an existing mortgage on the home, it must be paid off with the proceeds from the reverse mortgage loan ...
  • What is a Reverse Mortgage

    www.reversemortgage.org/About A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.
  • 5 Signs a Reverse Mortgage Is a Bad Idea

    www.investopedia.com/mortgage/.../5-signs-reverse-mortgage-bad-idea A reverse mortgage is a type of mortgage loan that's secured against a residential property, that can give retirees added income, by giving them access to the unencumbered value of their ...
  • HUD FHA Reverse Mortgage for Seniors (HECM) | HUD.gov / U ...

    www.hud.gov/program_offices/housing/sfh/hecm/hecmhome Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender.
  • What Is a Reverse Mortgage? - AARP® Official Site

    www.aarp.org/money/credit-loans-debt/.../are-reverse-mortgages-helpful.html The AARP Foundation publication Reverse Mortgage Loans: Borrowing Against Your Home is an an easy-to-understand guide for older adults who are considering such a mortgage refinance for their home (PDF). Read. HUD gets tough.
  • Reverse Mortgage Calculator

    www.reversemortgage.org/About/Reverse-Mortgage-Calculator NRMLA Calculator Disclosure. Please note: This reversemortgage.org calculator is provided for illustrative purposes only. It is intended to give users a general idea of approximate costs, fees and available loan proceeds under the FHA Home Equity Conversion Mortgage (HECM) program.