The U.S. Consumer Financial Protection Bureau offers resources for older Americans on reverse mortgages.
Reverse mortgages are one way an older homeowner can continue to live in their home without making monthly payments. However, a reverse mortgage is a loan, and a complicated product with ongoing responsibilities.
- Reverse Mortgage Discussion Guide: A guide providing an overview of key concepts of reverse mortgage loans for older homeowners considering a reverse mortgage.
- You have a reverse mortgage: Know your rights & responsibilities: A guide on the ongoing responsibilities of a reverse mortgage loan for older homeowners who already have a reverse mortgage.
- Reverse mortgage resource page: A webpage of reverse mortgage resources, including a short video explaining the product.
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