Free Mortgage Counseling: Reverse Mortgages

 

The National Council on Aging (www.ncoa.org) is now offering free counseling on reverse mortgages!  Counselors will waive the standard $125.00 (USD) fee to help folks 62 and older understand how these loans actually work. 

You can schedule a free session for yourself through September 30 by calling: 1-800-510-0301.  Also, download a free booklet, Using Your Home to Stay at Home, at: www.ncoa.org/reversemortgagecounseling.

If you’re a Boomer not yet 62, then please pass this information along to those who are!

Joan Jackson, Principal

JMJ Information Services 

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AARP: Reverse Mortgages

Boomer personal finance issues wouldn’t be complete without touching upon the subject of reverse mortgages.

The oldest of our league (born in 1946) turns 62 this year (2008). This is the earliest that you can apply for a reverse mortgage. Not only do boomers consider this choice on or before their retirement, but their parents do as well! It’s wise to get as much credible information as possible. AARP’s section on Reverse Mortgages is chocked full of information on reverse mortgages, starting with the basics.

Well worth keeping as a great bookmark in your “Reverse Mortgage Information” online folder!

~Joan Jackson, Publisher, The Baby Boomer Resource Center.com