Reverse Mortgages: Understanding the Basics
EDIS Cover Volume 2009 Number 9 accounts image
PDF-2009

Keywords

FY1105

How to Cite

Gutter, Michael S., Selena Garrison, Brent Litchfield, and Lisa Leslie. 2009. “Reverse Mortgages: Understanding the Basics: FCS3305 FY1105, 10 2009”. EDIS 2009 (9). Gainesville, FL. https://doi.org/10.32473/edis-fy1105-2009.

Abstract

FCS3305, a 7-page fact sheet by Michael S. Gutter, Selena Garrison, Brent Litchfield, and Lisa Leslie, describes this type of tax-free loan that can be used to help fund retirement — requirements, cost considerations, alternatives, types of reverse mortgages, fees and interest, limitations, distribution types, and types of unscrupulous practices. Includes references. Published by the UF Department of Family Youth and Community Sciences, October 2009.

https://doi.org/10.32473/edis-fy1105-2009
PDF-2009

References

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Eldervantage, LLC and ReverseMortgagePage.com. (2006). Reverse mortgage-What if one spouse is under 62? [Online]. Retrieved from http://www.reversemortgagepage.com/topic.php?topID=22.

eXtension. (n.d.). What frauds do I need to be aware of with reverse mortgages? FAQ #4854 | eXtension.org [Online]. Retrieved from http://www.extension.org/faq/4854.

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Lafleur, D.P. (Winter 2008). Supervisory Insights, 5(2), 14-20. [Online]. Retrieved 1/08/09 from http://www.fdic.gov/regulations/examinations/supervisory/insights/siwin08/si_win08.pdf.

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--. (April 17, 2008). What kinds of reverse mortgage plans are there? [Online]. Retrieved from http://www.reversemortgage.net/what-kinds-of-reverse-mortgage-plans-are-there/.

--. (April 26, 2008). Alternatives to obtaining a reverse mortgage. [Online]. Retrieved from http://www.reversemortgage.net/alternatives-reverse-mortgage/.

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