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2. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   Before you can apply, you’re required to meet with a HUD-approved reverse mortgage counselor to confirm you understand your options, responsibilities and alternatives. Compare mortgage lenders.

3. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   Reverse mortgages allow older people to immediately access the equity they have built up in their homes, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually ...

4. Reverse mortgage requirements - AOL

   www.aol.com/finance/reverse-mortgage...

   The borrower is not required to pay back a reverse mortgage loan until the home is sold, vacated or the last surviving borrower dies. However, if the home at some point is no longer your primary ...

5. What Are the Tax Implications of Reverse Mortgages? - AOL

   www.aol.com/tax-implications-reverse-mortgages...

   A reverse mortgage has little impact on your taxes. You do not pay taxes on the money you receive from a reverse mortgage. Since this is a loan, a reverse mortgage does not increase your wealth ...

6. HUD-1 Settlement Statement - Wikipedia

   en.wikipedia.org/wiki/HUD-1_Settlement_Statement

   The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...

7. Real Estate Settlement Procedures Act - Wikipedia

   en.wikipedia.org/wiki/Real_Estate_Settlement...

   For closed-end reverse mortgages, a lender or broker is required to provide the consumer with the standard Good Faith Estimate (GFE) form. A Good Faith Estimate of settlement costs is a three-page document that shows estimates for the costs that the borrower will likely incur at settlement and related loan information.

8. Reverse Mortgage: How Does It Work? - AOL

   www.aol.com/reverse-mortgage-does-164234216.html

   A reverse mortgage allows... For many retirees, their largest asset is their home -- but they might not be ready to sell to cash in on their equity. That's where a reverse mortgage can come into play.

9. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...