Who is eligible for a reverse mortgage?

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. 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 ... Jun 2, 2009 ... Look and listen for false and misleading claims related to reverse mortgage offers, and report them to the appropriate authorities. With a reverse mortgage, the unpaid loan balance grows over time. As a borrower, you can pay as much or as little toward the loan balance each month as you ... Contact a mortgage specialist for more details, 801-786-8400. Find a Reverse Mortgage Seminar Near You. Talk to a Mortgage Expert today! A reverse mortgage is designed to help older homeowners who want to age in place and supplement their income by tapping the equity in their home. Unlike a ... Amends the National Housing Act, with respect to mortgage insurance for home equity conversion mortgages (reverse mortgages) of elderly homeowners. A reverse mortgage allows consumers 62 or older to supplement their income by converting home equity into cash. A financial tool tailored for homeowners, turning equity in your cherished home into a dependable cash source. A counselor will explain how reverse mortgages work, including how you can access your equity, costs, tax implications, benefits and drawbacks.