Free AARP 52 Page Booklet

Part 1: Introducing Reverse Mortgages

Reverse Mortgages
Other Home Loan
Forward Mortgages
Common Features
Loan Types and Costs

Part 2: The Home Equity Conversion Mortgage

HECM Versus Other Reverses
HECM Eligibility
HECM Benefits
HECM Repayment
HECM Costs

Part 3: Other Choices

Other Reverse Mortgage
Alternatives to Reverse Mortgages

Part 4: Key Decisions

Sharing the Decisions
Selecting a Counselor
Considering Alternatives
Selecting a Time
Selecting an Interest Rate
Selecting a Lender
Spending Your Equity