Unbiased Information on Reverse Mortgages

When people come to me with questions about a reverse mortgage, I respond with what I believe is a non-biased approach. I realize that reverse mortgages are not for every senior. Based on their goals and dreams and future plans, it may or may not be the tool for them. However, it also just might be the right tool for them.

Most people would like to access non-biased data when researching any product or service. With the internet so available today, there are two very good resources that I often refer people to: 1) National Reverse Mortgage Lenders Association (http://www.reversemortgage.org), 2) AARP (http://www.aarp.org/money/revmort/). These two resources provide unbiased written information about the details about reverse mortgages, positive and negative.

The National Reverse Mortgage Lenders Association (NRMLA) is the national voice of the reverse mortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders and related professioals. NRMLA was established in 1997 to enhance the professionalism of the reverse mortgage business. The website has a lot of information that is useful to the consumer.

In addition, AARP has designated a full section of its website to reverse mortgage information. AARP publishes a consumer handbook for those who request it. Call 1-800-209-8085 to request your own copy, or go to the website above and download it (pdf format) to your computer.

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