RESOURCES

HUD/FHA:

HUD Website - Reverse Mortgages for Seniors
HUD Website - Top 10 things to know about Reverse Mortgages

AARP:

AARP Website - Reverse Mortgages

Download and view booklets:
Home Made Money: A Consumers Guide to Reverse Mortgages - 52 pages
It is also available in Spanish, "Dinero hecho en casa". - 52 pages

NCOA:

National Council On Aging ( NCOA) - Website

Download and view booklets:
"Use Your Home to Stay at Home" - 104 pages
"Use Your Home to Stay at Home: A Planning Guide for Older Consumers" - 20 pages
"Use Your Home to Stay at Home: A Guide for Homeowners Who Need Help Now" - 24 pages
The Federal National Mortgage Association Website (Fannie Mae ) - Reverse Mortgages

Download and view booklet:
"Money From Home - A Guide to Understanding Reverse Mortgages" - 96 pages

State and Local Information:
Georgia state and local Governments
Georgia Division of Aging Services- DHR
Georgia Medicaid
Ga.Gov- Senior Services
South Carolina Senior Resources
Alabama Senior Services
Tennessee Senior Citizen Services

Federal Government & Non-profit Information:
Missing Money
USAA Non-Profit Foundation
Center For Retirement Research
National Institute of Health - Senior's Health
HECM Resources
Naturally Occurring Retirement Communities
Administration On Aging
Aging Stats.gov

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Improve your quality of life with a reverse mortgage
Reverse mortgages allow you to convert equity in your home into supplementary cash to use whenever, and however, you wish: as a lump-sum, monthly payment or as a line of credit you can tap as needed.  The loan does not have to be repaid as long as you continue to live in your home.

A few additional facts:


The loan is backed and guaranteed by the Federal Government. .
 
The home must be your primary residence.
 
Title to the property remains in your name.
 
No income, health or credit qualifications.
 
You do NOT make monthly payments. EVER!
 
Cash received is TAX FREE!
 
You own your home – no different than a traditional mortgage.
 
Social Security benefits and Medicare are generally not affected by a reverse mortgage – consult your
tax advisor.
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Georgia Residential Mortgage License #20460