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Basic Facts about Reverse Mortgages


Am I eligible for a reverse mortgage? How does it work? How much would I receive? What are my costs? who can I call for help?

Home Equity Conversion Factsheet
Detailed information on reverse mortgages and home equity conversion, including a list of AARP publications on the subject.

How to Select Reverse Mortgage Counselors and Lenders
Use care when selecting a mortgage counselor or lender to avoid scams, rip-off and misleading information.

National Center for Home Equity Home Equity Conversion is an independent non profit organization specializing exclusively in reverse mortgage education and
URL: http://www.reverse.org.

U.S. Department of Housing and Urban Development
Additional information on reverse mortgages and other housing issues from this government agency.
URL: http://www.hud.gov

Is a reverse mortgage right for you? Reverse mortgages are different from other types of loans, and a careful consideration of all available information is necessary. A reverse mortgage enables homeowners to convert the accumulated equity in their home into cash, without having to move or make regular loan payments. When considering a reverse mortgage or other home equity conversion plan, make sure to get all the facts, ask questions on unclear matters, read the information carefully, and get the advice of family members or other trusted advisors. Remember, you are dealing with your most important asset--your home.

The AARP Home Equity Information Center advocates for the protection of older persons in home equity conversion transactions, promotes the widespread availability of home equity conversion plans, and provides third-party information to older consumers and their advisors on home equity conversion transactions.

AARP does not endorse any individual reverse mortgage product or lender.