Reverse Mortgages  Last updated: 05/05/2012 10:38:10 PM

A reverse mortgage is a way to convert the accumulated equity in a home to cash without having to sell or make payments while living in the home or having to have income to qualify. Click here for an explanation. These loans may affect eligibility for public programs such as Supplemental Security Income (SSI) or Medicaid.

Reverse mortgages don't always work by Christine Dugas, USA TODAY, 9/12/2011

Reverse mortgages increase amid heavy advertising push by J. Craig Anderson, Arizona Republic, Honolulu Advertiser, 9/12/2008

Why a Reverse Mortgage May Not Stall Foreclosure by Lew Sichelman, Real Estate Journal, 2/3/2006

Keep the House But Get the Cash by Michelle Singletary, The Washington Post, 1/8/2006

For more information:

Real Estate Matters

National Center for Home Equity Conversion (1-800-247-6553)

National Reverse Mortgage Loan Association

SCME Mortgage Bankers, Inc., Dean Jones (1-800-448-7263 Ext. 1241)    

Financial Freedom Senior Funding Corporation (1-800-500-5150)

HUD (1-888-466-3487 or 1-800-217-6970)

Fannie Mae

AARP (1-202-434-6042)

Alliance on Aging (1-800-677-1116)

Home