Reverse Mortgage Information, Reverse Mortgages, AARP

AARP Articles:

Home Made Money, A Consumer Booklet

Home Made Money Seminar

A New Kind of Loan: In Reverse  Gain An Understanding Of The Fundamentals In This Clear Explanation Of How Reverse Mortgages Differ From Other Home Loans.

Glossary of Reverse Mortgage Terms Terms Easily Understood Definitions Of Terms Used In The Reverse Mortgage Market.

Exploring Reverse Mortgages: A Consumer's Guide   AARP Explains All About Reverse Mortgage: What They Are, How They Work, and How To Decide If One Makes Sense For You.

Considering Options and Timing
A Closer Look At Key Reverse Mortgage Choices and Timing Questions. 

Spending Your Equity  What To Look Out For When Using the Money You Get From A Reverse Mortgage.

Eligibility and Repayment
Who Can Get A HECM Reverse Mortgage, and When It Must be Repaid.

Loan Types and Costs
Three Kinds Of Reverse Mortgages And How Total Loan Costs Differ.


Selecting a lender
How To Find and Choose A Reverse Mortgage Lender.


What are the costs  A Detailed Explanation of All the Costs Of A HECM Reverse Mortgage.


Choosing a Counselor
Do You Need Reverse Mortgage Counseling? How To Decide and Find A Counselor.

Seriously Consider Selling    It Can Be Difficult Deciding Between Selling Your Home or Getting a Reverse Mortgage: Read Our Guide To Compare Your Options.

A Rising Debt Loan    The Amount You Owe On A Reverse Mortgage Grows Larger and Larger.

Basic Loan Features    Important Details That Every Reverse Mortgage Borrower Needs To Know.

Fact Sheet on Reverse Mortgages  An Overview of Basic Reverse Mortgage Information.

Total Costs and Model Specifications  How Best To See and Compare The True Costs And Benefits Of A Reverse Mortgage.

Growing Credit Lines How much you could get from a HECM creditline reverse mortgage, and how it grows.

Monthly Loan Advances    What you could get each month from a HECM reverse mortgage; see your choices.

Estimating Leftover Equity   What is left at the end of a reverse mortgage and why that’s important.

Picking an Interest Rate  Comparing your interest rate choices in the HECM reverse mortgage program.

Sharing the Decisions   What about your heirs? Suggestions for anyone considering a reverse mortgage.

Low Cost Public Loans How to find the lowest-cost reverse mortgages for home repairs & property.

More Costly Private Loans    How to evaluate reverse mortgages designed for high-value homes.

Public Benefits an Alternative  Find government programs that may be a better choice than reverse mortgages. 



 

Reverse Mortgage Benefits

  • Eliminate Credit Card Debt
  • Provide for In-Home Health Care
  • Add Safety Features to Your Home
  • Elimate Current Mortgage Payment
  • No Income Qualifications
  • No Credit Qualifications
  • Keep Title To Your Home
  • FHA & HUD Insured
  • Pay for Your Prescriptions
  • Travel
  • Home Remodeling
  • Estate Planning
  • Gifting to Charity
  • Gifting to Family
  • Never Have a Mortgage Payment Again
  • Enjoy Life
  • Pay for Home Repairs
  • Pay for Property Tax
  • Additional Tax Free Income