Learn about reverse mortgages
A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. Watch this two-minute video to see how they work and what to consider before applying.
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Basics
Learn what a reverse mortgage is
A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time. Read more
Not everyone is eligible for a reverse mortgage
Along with age, there are a few other requirements for taking out a reverse mortgage loan. Read more
Reverse mortgage loans must be repaid when you sell or no longer live in the home
In addition, the loan may need to be paid back sooner, such as if you fail to pay property taxes or homeowner’s insurance or don’t keep your home in good repair. Read more
Understand your situation
Take action
Submit a complaint
If you are having an issue with a reverse mortgage, you can submit a complaint to the CFPB. We’ll work to get you a response from the company.