Reverse Mortgage Basics

By: AARP.org | Source: AARP.org

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A "Rising Debt" Loan
The amount you owe on a reverse mortgage grows larger and larger.

A New Kind of Loan: In Reverse
See how reverse mortgages differ from other home loans.

Basic Loan Features
Learn what are the important details that every reverse mortgage borrower should know.

Fact Sheet on Reverse Mortgages
An overview of basic reverse mortgage information

Glossary of Reverse Mortgage Terms
Definitions of commonly used terms in the reverse mortgage market

Loan Types and Costs
See the three kinds of reverse mortgages and how total loan costs differ.

Total Costs and Model Specifications
See and compare the true costs and benefits of reverse mortgages.

Reverse Mortgage Loans: Borrowing Against Your Home

Download this booklet from AARP about reverse mortgages. (Adobe Acrobat required.)

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