Understanding Reverse Mortgages
If you are 62 or older, you may be considering a reverse mortgage. This guide can help you understand how reverse mortgages work, the types of reverse mortgages that are available and the costs they entail.
- Home Equity Conversion Mortgage (HECM)
- Alternative Options
- Scams
- Consumer Protections
Available Formats
Pocket guide
Pocket Guide
- What is a reverse mortgage?
- Purpose and use
- Home equity conversion mortgages (HECMs)
- Eligibility
- Borrower
- Property
- Financial
- Consumer protections
- HECM counseling
- How to apply
- What if I change my mind?
- Mortgage amount
- Payment plans
- Borrowing costs
- Repayment
- Alternative options
- Scams
- Resources
- Pages: 32
- Physical Size: Pocket Guide 32-00 3.75" x 5.5"
- Product Code: 01-0643-000-01
- ISBN: 978-1-62350-067-2
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