When you are new to researching reverse mortgage information, there is a lot to learn! Fortunately, there is also an abundance of information available to help you make an informed decision.
Check out our article at SeniorAdvisor.com, published on 6/4/2015. There, you will learn the history of reverse mortgages and how this loan product (that has been helping thousands of seniors access a portion of their equity while aging at home) came to be. You’ll know more about the continuous efforts made by the Federal Housing Administration (FHA) to make this product progressively safer for consumers, and the new borrower protections recently put into place. Finally, you will find out the truth behind common misconceptions of reverse mortgages.
All this information can help you ask yourself the right questions and figure out whether this amazing loan product is the right solution for you.