Reverse mortgages are a versatile financial tool that nearly a million homeowners have used to age-in place, and for other reasons. However, like any financial product, reverse mortgages should be considered carefully before deciding whether to obtain one. The National Reverse Mortgage Lenders Association’s free Reverse Mortgage Self-Evaluation poses seven questions and important considerations interested consumers should … more Reverse Mortgage Self-Evaluation: A Checklist of Key Considerations
Consumer Guides
NRMLA has created guides and resources for consumers who are interested in learning more about reverse mortgages and for borrowers, and their families, who have questions about the rules, guidelines and timelines that apply to their loans.
What You Need to Know About Your HECM After Closing
The National Reverse Mortgage Lenders Association created, “What You Need to Know About Your HECM After Closing” to answer questions reverse mortgage loan borrowers, and their heirs, may have about their FHA-insured Home Equity Conversion Mortgage, commonly referred to as a reverse mortgage loan. This free guide explains the important role of the Loan Servicer … more What You Need to Know About Your HECM After Closing
What Do I Do When My Loan is Due?
The National Reverse Mortgage Lenders Association created, “What Do I Do When My Loan is Due?,” to walk reverse mortgage loan borrowers and their families through the end of the loan process when it is time for the loan to be repaid. This guide will help you prepare when a Maturity Event occurs and the loan … more What Do I Do When My Loan is Due?