Avoid reverse mortgage shopping scams
As a result of the economic uncertainty caused by the COVID-19 pandemic, scammers may be targeting older homeowners through reverse mortgage schemes. Learn how to spot and avoid these reverse mortgage scams.
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Things to consider before borrowing a reverse mortgage to delay collecting Social Security
Archived
We released several new resources to help older homeowners decide whether to borrow a reverse mortgage.
Consumer advisory: Don’t be misled by reverse mortgage advertising
Archived
You might see enticing images of youthful retirees on the golf course or enjoying other leisure activities in a reverse mortgage advertisement. We looked closely at many ads and found incomplete and inaccurate statements used to describe the loans. Reverse mortgage ads don’t always tell the whole story, so consider these facts when you see advertisements.
Consumer advisory: Three steps you should take if you have a reverse mortgage
Archived
We’ve heard many complaints from consumers who have experienced problems with reverse mortgages. Here are 3 things you or your loved ones should do if you have a reverse mortgage.
Updated reverse mortgage guide: Two things you should know
Archived
Reverse mortgages are a special type of home equity loan sold to homeowners aged 62 years and older, which are repaid when the borrowers sell the home, move out, or die. It’s a complicated type of loan that works best for homeowners who carefully consider all of their options.