August 10, 2016

Reverse Mortgages

Reverse mortgages can help older homeowners use the equity in their homes to help finance their retirement.  The basic criteria are:

  • At least one borrower must be 62 or older
  • Own your home or have significant equity
  • Home must be your primary residence
  • Participate in an information counseling session with HUD
  • Home must be well-maintained
  • All property taxes and insurance must be paid

The required counseling is available from the USU Family Life Center Housing and Financial Management program. For more info: 435-797-7224
Find out if a reverse mortgage might be suitable for your circumstances at:

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