What are my rights as a reverse mortgage borrower?

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 ... Talk to one of our reverse mortgage advisors. They will help you understand how much you can expect to get and answer any questions you may have. Amends the National Housing Act, with respect to mortgage insurance for home equity conversion mortgages (reverse mortgages) of elderly homeowners. Since 1961, older US homeowners can take out a reverse mortgage to access equity in their home to help with all sorts of financial needs. This complete guide to reverse mortgages will walk you through everything you need to know about this unique financial tool. What is the Property Tax Assistance for Seniors reverse mortgage loan program? The City's program is available to pay all or a portion of a homeowner's. You don't have to pay back the loan while you or an eligible spouse live in the home, but you still have to pay taxes, insurance, and keep the home in good ... A reverse mortgage is a special type of mortgage loan designed for homeowners who are 62 years of age and older. It is a loan against the home that does not ... HOPE is a HUD-approved housing counseling agency, and has a team of expert reverse mortgage (Home Equity Conversion Mortgage or HECM) counselors who are ... A financial tool tailored for homeowners, turning equity in your cherished home into a dependable cash source.