Reverse Mortgage Home

A reverse mortgage is a unique loan that enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment.

The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you.

Eligible property types include single-family homes, manufactured homes built after June 1976, qualified condominiums, and townhouses.

Also, be cautious about reverse mortgages offered by door-to-door and other home solicitations.

ReverseMortgage.Org
This site is for consumers interested in learning more about reverse mortgages. The information provided on this site is provided by the National Reverse Mortgage Lenders Association (NRMLA).

Established in 1997, NRMLA, headquartered in Washington, DC, is the national voice for lenders and investors engaged in the reverse mortgage business. NRMLA fulfills several roles, which include educating consumers about the opportunity to utilize reverse mortgages, training lenders to be sensitive to the needs of older Americans, developing Best Practices and a Code of Conduct to make sure lenders participating in the program treat seniors respectfully, and promoting reverse mortgages in the media.

Call with any reverse mortgage questions toll free 1-888-973-8377.