Programs using a special type of home loan in which no repayment is required until the borrower(s) no longer uses the home as their principal residence. Before entering into a reverse mortgage agreement, educate yourself, consult with trusted advisors and understand the pros and cons.
This article provides an overview of the Federal Housing Administration's (FHA) Home Equity Conversion Mortgage (HECM) reverse mortgage program. Learn how the FHA'S reverse mortgage program works and become familiar with the program's borrower, financial and property requirements.
This section of the Virginia State Bar's Senior Citizen Handbook provides information about reverse mortgages and Home Equity Conversion mortgages (HECM). The information provided includes some frequently asked questions and answers.
This overview of senior housing options from the Administration for Community Living provides a summary of different types of housing. It also reviews ways assistive technology can help older citizens remain in their homes.