Questions Answered on Reverse Mortgages

The National Council on Aging, a leading nonprofit, has a good page on their website with important questions about reverse mortgages. These questions include “What’s the difference between a reverse mortgage and a regular home equity loan?” and “Aren’t reverse mortgages just scams that give money to big banks?” (no).

They also have written the official reverse mortgage guide for the US Department of Housing & Urban Development, called “Use Your Home to Stay at Home.”

Check out both if you are thinking about a reverse mortgage.