According to the ""American Association of Retired People"":http://www.aarp.org (AARP), more. Specific property information analyzed to determine the score includes: eligible residences (reverse.
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For more information AARP offers a free booklet titled: "Home Made Money: A Consumer’s Guide to Reverse Mortgages." It can be ordered by calling 800-424-3410. The booklet also can be downloaded or.
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The Federal Trade Commission, HUD and the AARP all have helpful information on reverse mortgages. The FTC’s toll-free number is 877-FTC-HELP (877-382-4357). You can hear Dee Lee’s expert financial.
For information on reverse mortgages, visit the Web site www.reverse.org or call the AARP’s Home Equity Info Center at 202-434-6044.
With this information, users can better plan what actions to take to transform their communities. “Our ultimate goal is to be using this tool. to change the dynamics of our aging society,” Whitman.
In recent weeks, stories on reverse mortgages have been featured on "NBC Nightly News" and in USA Today, and in the AARP Bulletin as well as other. (see Reverse Mortgage Primer below for more.
According to AARP, the average age of borrowers. and were being encouraged to do so with bad information," Williamson said. "Sometimes they were plain misled and didn’t understand the consequences.
To its credit, the agency is now requesting detailed information from the public on the. have also found consumers to be satisfied with their reverse mortgage. A study published by AARP in 2007.
AARP Legal Counsel for the Elderly (LCE) recently settled a class action lawsuit on behalf of reverse mortgage holders charged for excessive "drive-by" property inspections.
provide helpful information on reverse mortgages, outlining factors borrowers should consider before taking a reverse mortgage loan. Two good resources include the AARP, www.aarp.org/money/revmort/,
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About a year ago, Miles got a reverse mortgage on the three-bedroom Spanish- style house. Financial guru Suze Orman suggests reverse.
But loan limits are 10 to 18 percent lower, and interest rates have been 0.25 to 0.5 percent higher for Savers than standard HECMs, according to the AARP Public. loans. For information about such.