A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time. Read more
Along with age, there are a few other requirements for taking out a reverse mortgage loan. Read more
In addition, the loan may need to be paid back sooner, such as if you fail to pay property taxes or homeowner’s insurance or don’t keep your home in good repair. Read more
Do you serve older adults or family members managing money for a loved one?
Understand your situation
Know your rights
Submit a complaint
If you are having an issue with a reverse mortgage, you can submit a complaint to the CFPB. We’ll work to get you a response from the company.