Is it worth hiring a reverse mortgage specialist?

A reverse mortgage is a loan that allows homeowners aged 62 and over to borrow against the equity in their homes. 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. HUD Reverse Mortgage Counseling. The DSS has been a HUD-Approved Housing Counseling Agency for over 25 years, with a focus on the government guaranteed Home ... Reverse mortgages are loans that allow seniors to take equity out of their homes to help pay for living expenses or other costs. Reverse mortgages allow qualifying homeowners to convert a portion of home value into cash while allowing them to continue living in their homes. Mar 27, 2025 ... The reverse mortgage company stops making payments at the end, similar to what happens when you pay off a normal mortgage. At that point, the ... A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. 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 ... There are plenty of other financial options available. Explore these nine top alternatives to reverse mortgages to discover which option is right for you. Our HUD-approved reverse mortgage counselors provide unbiased education to seniors interested in a reverse mortgage. Call (800) 757-1788