Understand Reverse Mortgages
Whether you’re considering a reverse mortgage, or already have one, it’s important to understand the terms of the loan and where to go if you need more information or help.
What is a reverse mortgage?
A reverse mortgage is a loan option for homeowners 62 or older that allows you to get money by borrowing against the value of your home.
To learn more about your reverse mortgage, contact your mortgage servicer
If you already have a reverse mortgage and need to understand relief options, a HUD-approved housing counselor can help you, or your heirs, prepare for a conversation with your servicer.
Call 1-855-HERE2HELP (855-437-3243855-437-3243).
Find more trusted information about reverse mortgages
- Reverse mortgage self-evaluation | National Reverse Mortgage Lenders Association (NRMLA)
- Reverse mortgage spotlight | AARP®
- Reverse mortgages | U.S. Department of Housing and Urban Development (HUD)
- Reverse mortgage loans | Consumer Financial Protection Bureau (CFPB)
- A guide to reverse mortgages for older adults | National Council on Aging (NCOA)
More to explore
Talk to a Housing Counselor
If you’re experiencing financial hardship or the aftermath of disaster, talk to a housing counselor. They can help you create a plan and learn about your options.Learn more
Mortgage Options to Stay in Your Home
If you're struggling to pay your mortgage but want to stay in your home, there are options that give you breathing room during times of financial stress.Learn more