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