Skip to content

Tell Congress to Oppose Any Tax Bill That Would Increase Taxes for Seniors! Take Action Now

 

Is a Reverse Mortgage for You?

Loan's complicated rules and fees are why you should proceed with caution

Over 600,000 reverse mortgages have been issued since the program started in the late 1980s. Available to Americans 62 and older, the loans help homeowners tap into their home equity to get needed cash.  But since they come with high fees, complicated rules and mandatory financial counseling, are they a good fit for eligible consumers?

Sign up for the AARP Money Newsletter.

Inside E Street profiles two different borrowers with two different outcomes.

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

Next Article

Read This