Reverse Mortgage Guide

Reverse Mortgage Guide

Updated June 6, 2011

Please scroll down to access the online reverse mortgage guide. This guide has reverse mortgage information sorted by catagories for your convenience. The heading has short cuts to reverse mortgage tools such as the reverse mortgage calculator. If you wish you may bookmark this page, or contact us to request an email with this link for future access. While this reverse mortgage guide will answer most questions you may have on a reverse mortgage questions may remain. Please call us to speak to a reverse mortgage adviser, or submit a question under our "Ask A Counselor" button if you would like more information. Remember, while one reverse mortgage program may work for one borrower, it may not be the right product for another. With the information provided you will be able to learn all about the HECM reverse mortgage loan.

Reverse Mortgage Basics

What Is A Reverse Mortgage? information on what the reverse mortgage loan is and how it works.

Reverse Mortgage 101: Introduction to reverse mortgages including the history of where they came from, what is new with today's reverse mortgage and how they work.

Reverse mortgage vs. conforming forward mortgage: A description of the major differences between a normal conventional mortgage and the HECM reverse mortgage.

Basic Steps To A Reverse Mortgage: How the reverse mortgage process works, how to get started and what to expect along the way.

Five Things Every Senior Should Know About Reverse Mortgages. Five key benefits to reverse mortgages explained.

Weighing The Options

Reverse Mortgage Pros and Cons : The benefits and drawbacks of reverse mortgages.

Now Or Later: With the housing market in a slump, is now a good time to do a reverse mortgage? Tips on how to decide.

Fixed Vs. Adjustable Rates: Should I get a fixed or adjustable rate reverse mortgage? Does the rate type matter since I don't have any payments to make?

Myth Vs. Facts

Will The Bank Own My Home When I Pass Away or Move?

Can I Leave My Home and Remaining Equity To My Kids?

Can I Pay Off An Existing Mortgage Or Must I Own My Home Free And Clear?

Will My Kids Be Obligated To Pay My Debt?

Do I Qualify?

Credit And Income Requirements: Neither credit nor income is used as qualifiers with a reverse mortgage. How can this be?

Purchasing A Home With A Reverse Mortgage: Many people assume a reverse mortgage can only be done on a home you currently own. Find out how to buy a home with a reverse mortgage.

How do I qualify for a reverse mortgage? Details on qualifying and what a reverse mortgage lender is looking for.

Tax And Benefit Implications

Reverse Mortgages And Taxes:
Will the money I get be subject to income tax? Is my reverse mortgage interest tax deductible?

Will A Reverse Mortgage Affect My Medicare Benefits? Basic information on why a reverse mortgage does not harm medicare benefits.

How To Do Tax Planning with A Reverse Mortgage: Useful tips on how to use a reverse mortgage to increase income tax deductions.

Advanced Information

What Happens To My Home Equity? A reverse mortgage reduces the homes equity when the loan is taken out. In many cases the equity starts to grow after that.

Dick Nourse: Why I got behind the reverse mortgage education campaign.

How To Protect Your Home Value Using A Reverse Mortgage: Use your reverse mortgage as a tool to insure against home value losses.

Reverse mortgage lenders and reverse mortgage banks offer varying interest rates and loan programs. if you have questions on any specific reverse mortgage programs please call. Our reverse mortgage experts will be happy to assist. Their goal is to help you achieve financial freedom.

Quick Quote