Reverse Mortgages: Fact Vs. Fiction

A new NRMLA graphic, available for download from, ReverseMortgage.org, debunks five common misconceptions about reverse mortgages.
 
fact-vs-fictionNRMLA explains to consumers that borrowers never lose ownership of the home, that HECM closing costs are comparable to other FHA mortgages, that borrowers never owe more than the value of the home, that having a conventional mortgage doesn’t automatically disqualify them from getting a reverse mortgage, and that reverse mortgages are not a loan of last resort.

Members are encouraged to share the infographic on Facebook, Twitter, and LinkedIn, and use the graphic as part of your educational materials.