We have compiled a list of the most respected senior resource and government websites that can help you with your decision to get a reverse mortgage. We urge you to become fully aware of the advantages and drawbacks of reverse mortgages.
- National Reverse Mortgage Lender's Association (NRMLA)
Steps to Getting a Reverse Mortgage
NRMLA has created a graphical representation of the steps involved in getting a Reverse Mortgage. It is very helpful in understanding the Reverse Mortgage process.
- National Council on Aging (NCOA)
Use Your Home to Stay at Home: A Guide for Homeowners Who Needs Help Now
This booklet is an educational piece developed as part of NCOA's Use Your Home to Stay at Home Initiative. It helps you decide if a reverse mortgage is right for you. It explains how home equity can help you pay the costs of living at home with a chronic health condition.
NRMLA
The National Reverse Mortgage Lenders Association (NRMLA) is the nation's only organization devoted exclusively to the promotion of reverse mortgages, advocacy on reverse mortgage lending issues with Congress and the federal government, education and training for reverse mortgage lenders, and development and maintenance of ethical standards for reverse mortgage lenders.
AARP
AARP is a nonprofit, nonpartisan membership organization for people 50 and over. They provide information and resources; advocate on legislative, consumer, and legal issues; assist members to serve their communities; and offer a wide range of unique benefits, special products, and services.
Fannie Mae
As the leader of the housing finance system, Fannie Mae is working to expand homeownership opportunities by creating products and technologies that help more people own homes.
HUD
U.S. Department of Housing and Urban Development
Dedicated to helping seniors and their families with accurate and up-to-date information on senior housing options, finance, insurance and related lifestyle issues.
Center for Communications and Consumer Services
U.S. Administration on Aging
Tel. 202-619-0724
FAX 202-357-3523
Internet: http://www.aoa.gov
Email: aoainfo@aoa.gov
There's No Place Like Home: The Implications of Reverse Mortgages on Seniors in California (Consumers Union)
http://www.consumersunion.org/finance/revinfowc899.htm
Reverse Mortgages for Seniors
(U.S. Department of Housing and Urban Development)
http://www.hud.gov/buying/rvrsmort.cfm
Housing Counseling Agencies
(U.S. Housing and Urban Development)
http://www.hud.gov/offices/hsg/sfh/hcc/hcc_home.cfm
Aging Internet Information
Evaluation of the Federal Housing Administration’s Home Equity Conversion Mortgage Insurance Demonstration
(Department of Housing and Urban Development)
http://www.hud.gov/pressrel/hecmrpt.pdf
Mortgage Information Resources
National Center for Home Equity Conversion
http://www.reverse.org/
National Reverse Mortgage Lenders Association
http://www.reversemortgage.org/
Reverse Mortgages
(Fannie Mae)
http://www.efanniemae.com/singlefamily/mortgage_products/reverse_mortgages/productinfo.jhtml
National Center for Home Equity Conversion (NCHEC)
360 N. Robert, Suite 403
St. Paul, MN 55101
1-651-222-6775 http://www.reverse.org
AARP Home Equity Information Center
601 E Street N.W.
Washington, DC 20049
1-800-209-8085
5 a.m.- 5 p.m. Pacific Time http://www.aarp.org/revmort/
“Home Made Money”. This completely rewritten book can be read on-line or printed. A two-part video “Reverse Mortgage Choices” is available for a $5.00 shipping and handling charge.
U.S. Department of Housing and Urban Development
Washington, DC 20410-8000
1-888-466-3487 or 1-800-217-6970 http://www.hud.gov & http://www.hudhcc.org
Federal National Mortgage Association (Fannie Mae)
1-800-732-6643 http://www.homepath.com
”Money from Home: A Consumer's Guide to Reverse Mortgages”
Consumers Union, West Coast Regional Office
1535 Mission Street
San Francisco, CA 94103
1-415-431-6747 http://www.consumersunion.org
“There's No Place Like Home: The Implications of Reverse Mortgages on Seniors in California.”
National Reverse Mortgage Lenders Association
1625 Massachusetts Avenue, N.W., Suite 601
Washington, DC 20036
1-202-939-1760 http://www.reversemortgage.org
Reverse Mortgage Fast Facts
(U.S. Federal Trade Commission)
http://www.ftc.gov/bcp/conline/pubs/homes/rms.htm
Tips for Consumers on Reverse Mortgages
(National Consumer Law Center)
http://www.nclc.org/initiatives/seniors_initiative/tips.shtml
Spending the House: A Quick Guide for Advocates on Reverse Mortgages
(National Consumer Law Center)
http://www.nclc.org/initiatives/seniors_initiative/spending_house.shtml
Just What is A Reverse Mortgage – Could It Be Right for You?
(Women’s Institute for a Secure Retirement)
http://www.wiser.heinz.org/wiserwoman_sum03_rev_mort.pdf
Reverse Mortgages – Cashing in on Home Ownership
(U.S. Federal Trade Commission)
http://www.ftc.gov/bcp/conline/pubs/alerts/revralrt.htm
Reverse Mortgage Consumer Tip Sheet
(Consumers Union)
http://www.consumersunion.org/finance/revconwc899.htm
Frequently Asked Questions About Home Equity Conversion
(National Center for Home Equity Conversion
http://www.reverse.org/faqs.htm
Reverse Mortgages for Seniors
(Fannie Mae)
http://www.fanniemae.com/homebuyers/findamortgage/reverse/index.jhtml?p=Find+a+Mortgage&s=Reverse+Mortgages+for+Seniors
Home Equity Conversion Mortgage
(National Reverse Mortgage Lenders Association)
http://www.reversemortgage.org/hecm.htm - Home
Administration on Aging
http://www.aoa.gov/index.asp
AgingStats.gov (Federal interagency forum on Age-Related Statistics)
http://agingstats.gov/Agingstatsdotnet/Main_Site/Default.aspx
Congress.org (Non-profit with links to federal, state and local government resources)
http://www.congress.org/congressorg/home/
Federal Register (Browse new proposed rules and other notices issued by federal agencies, such as HUD)
http://www.gpoaccess.gov/fr/browse.html
FHA Lending Limits
https://entp.hud.gov/idapp/html/hicostlook.cfm
HECM Resources (Funded by HUD and the AARP Foundation's Reverse Mortgage Education Project)
http://www.hecmresources.org/
HUD-Sponsored Events and Training
http://www.hud.gov/offices/hsg/sfh/events/events.cfm
HUD's Reverse Mortgage Web Page
http://www.hud.gov/offices/hsg/sfh/hecm/hecmhome.cfm
National Aging in Place Council
http://www.naipc.org
Senate Special Committee on Aging
http://aging.senate.gov/
Thomas (Review federal legislation introduced during the current, or past, Congresses)
http://thomas.loc.gov/
U.S. House of Representatives
http://www.house.gov/
U.S. Senate
http://www.senate.gov/