How can I stay informed about changes in the reverse mortgage industry?

Reverse Mortgage Repayment When Home Uninhabitable · The borrower is engaged in repairing the home with the intent of reoccupying the home as a principal ... Our HUD-approved reverse mortgage counselors provide unbiased education to seniors interested in a reverse mortgage. Call (800) 757-1788 A reverse mortgage loan is a type of home equity loan that is designed to enable senior homeowners to receive income for the equity in their homes. This complete guide to reverse mortgages will walk you through everything you need to know about this unique financial tool. May 6, 2024 ... Approved Reverse Mortgage Counselors - As of May 2024 ... File ... Approved Reverse Mortgage Counselors - As of May 6, 2024 (135.48 KB) ... File Format. Reverse mortgages allow older people to immediately access the equity they have built up in their homes, and defer payment of the loan until they die, sell, or ... A reverse mortgage is a loan product that allows a borrower to use the equity in their home as a guarantee for a loan. Federal regulations and North Carolina law require reverse mortgage loan applicants to receive reverse mortgage counseling from an approved counseling agency. A counselor will explain how reverse mortgages work, including how you can access your equity, costs, tax implications, benefits and drawbacks. Jun 2, 2020 ... A reverse mortgage is a loan available to senior homeowners (62 years and older) that allows them to convert part of the equity in their homes ...