A reverse mortgage is an FHA-insured loan. Homeowners must be 62 years of age of older and live in the home as their primary residence. Homes must meet FHA/HUD minimum property standards. Borrowers must maintain hazard and flood insurance premiums, property taxes, utilities and make any property repairs. Although there are no mandatory monthly principal and interest mortgage payments, interest accrues on the portion of the loan amount disbursed if no payments are made. Reverse mortgages can use up all or some of the equity in your home and the amount you owe can increase over time. Loan must meet underwriting requirements of the applicable lender. Program rates, fees, terms and conditions are not available in all states and subject to change. This document is not from FHA/HUD. This document is not approved by any government agency. A reverse mortgage is a loan.

ReverseMortgagesExplained.com does not offer reverse mortgages. We are not a lender, mortgage broker or mortgage banker. We provide education and information. ReverseMortgagesExplained.com is a website that provides information about reverse mortgages and does not offer loans or reverse mortgages directly or indirectly through any representatives or agents. We do not direct market by phone or email towards consumers. If you choose to give your permission, you can join our email list or be referred to an agent of a reverse mortgage company – that will be strictly your voluntary choice.

Contact our support if you are suspicious of any fraudulent activities or if you have any questions. ReverseMortgagesExplained.com is not a product of, nor was it approved by the Department of Housing and Urban Development (HUD) or by the Federal Housing Administration (FHA).