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{
"item_title" : "The Simple Guide to Reverse Mortgages",
"item_author" : [" John Thompson", "Todd K. Ballenger "],
"item_description" : "You've taken care of your home for decades. Now it's your home's turn to take care of you. A reverse mortgage lets a homeowner 62 or older turn part of the home's value into cash - as a lump sum, monthly payments, or a growing line of credit - with no monthly mortgage payments, while keeping the title and staying in the home. It is also one of the most misunderstood loans in America. This plain-language family guide walks through the whole decision, in order: - The four golden rules of qualifying - and what to do if you still have a mortgage or your home is in a trust- HECM versus jumbo reverse mortgages, and how the interest rates work- Lump sum, monthly payments, or a line of credit that grows every year- The real costs, itemized, and the three homeowner chores that keep the loan in good standing- Buying a new home with a HECM for Purchase- How a spouse and heirs are protected - you never owe more than the home is worth- Tax-smart uses: avoiding retirement-account withdrawals, Medicare surcharges, and delaying Social Security- The eight biggest myths, the questions to ask any lender, and a decision checklist Every chapter works through example households' numbers, and the closing section reports what published studies and surveys - from AARP, HUD, and peer-reviewed journals - found when borrowers were asked how it turned out: 93% said the loan had a mostly positive effect on their lives. Written for senior homeowners, their families and their caregivers. Free calculators that use your own numbers are at niofe.org/reversebook.",
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The Simple Guide to Reverse Mortgages : Make the most of your home's value after 62 - for seniors, their families and their caregivers
by John Thompson and Todd K. Ballenger
Overview
You've taken care of your home for decades. Now it's your home's turn to take care of you.
A reverse mortgage lets a homeowner 62 or older turn part of the home's value into cash - as a lump sum, monthly payments, or a growing line of credit - with no monthly mortgage payments, while keeping the title and staying in the home. It is also one of the most misunderstood loans in America. This plain-language family guide walks through the whole decision, in order: - The four golden rules of qualifying - and what to do if you still have a mortgage or your home is in a trust- HECM versus jumbo reverse mortgages, and how the interest rates work
- Lump sum, monthly payments, or a line of credit that grows every year
- The real costs, itemized, and the three homeowner chores that keep the loan in good standing
- Buying a new home with a HECM for Purchase
- How a spouse and heirs are protected - you never owe more than the home is worth
- Tax-smart uses: avoiding retirement-account withdrawals, Medicare surcharges, and delaying Social Security
- The eight biggest myths, the questions to ask any lender, and a decision checklist Every chapter works through example households' numbers, and the closing section reports what published studies and surveys - from AARP, HUD, and peer-reviewed journals - found when borrowers were asked how it turned out: 93% said the loan had a mostly positive effect on their lives. Written for senior homeowners, their families and their caregivers. Free calculators that use your own numbers are at niofe.org/reversebook.
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Details
- ISBN-13: 9798165301483
- ISBN-10: 9798165301483
- Publisher: Independently Published
- Publish Date: October 2026
- Dimensions: 9 x 6 x 0.23 inches
- Shipping Weight: 0.31 pounds
- Page Count: 98
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