Reverse mortgages are becoming popular in America. Reverse mortgages are
a special type of home loan that lets a homeowner convert the equity in his/her
home into cash. They can give older Americans greater financial security to supplement
social security, meet unexpected medical expenses, make home improvements, and
more.
If you are interested in a reverse mortgage, beware of scam artists
that charge thousands of dollars for information
that is free from HUD!
To report fraud or abuse in the reverse mortgage program, contact your local homeownership center. |