Answers about Reverse Mortgages
Select from the following questions about Reverse Mortgages.
- I am thinking about a Reverse Mortgage, what are the risks and what should I consider?
- What is a reverse mortgage?
- How can I receive payments on a reverse mortgage?
- Are there different types of reverse mortgage products?
- What are the requirements for a Federal Housing Administration Home Equity Conversion Mortgage (HECM)?
- I'm considering a reverse mortgage and understand that I am not required to make payments; when and how is a HECM repaid?
- Who is responsible for upkeep on the home on a HECM?
- Do reverse mortgages carry risks for consumers?
- Where can I find more information on reverse mortgages?