Tag: what are reverse mortgages

NCOA Reverse Mortgage Handbook Available

The National Council on Aging (NCOA) has released the 2013 version of Use Your Home to Stay at Home䋢, the official reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development (HUD). Use Your Home to Stay at Home䋢 is a user-friendly guide to help older...

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NCOA Publishes Reverse Mortgage Info

Reverse Mortgages or Home Equity Conversion Mortgages (HECMs) have become increasingly popular. Reverse mortgages can be a useful financial tool for older homeowners, but they‰Ûªre not for everyone.åÊ Here are some tips about reverse mortgages from the National Council on Aging.åÊ Myth #1: A reverse mortgage works the same as...

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Met Life Reverse Mortgage Study Scares Me!

Don’t Regret “Reverse”@Bruce Laurance The MetLife Mature Market Institute published a study of how aging homeowners use reverse mortgages. Reverse mortgages are available to homeowners age 62 or older. In the past, many older homeowners took out this loan as a way to enhance their quality of life. But now,...

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