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AARP Home » Money » Managing Debt »Reverse Mortgage Alter...

Reverse Mortgage Alternatives

Explore all of your options before resorting to a costly reverse mortgage.

by: Jonathan Pond, from: AARP, September 9, 2010

Reverse mortgages are a hot topic among retirees, as well as those thinking about retirement, for good reason. If you're at least 62 years old and owe little or nothing on your home, you're probably eligible for a reverse mortgage through the Federal Housing Administration. The FHA's reverse mortgages, by far the most popular option for borrowers, are known as Home Equity Conversion Mortgages, or HECMs for short. … Back to Article

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