NCOA Releases 2013 Edition Of Reverse Mortgage Guide

Posted by Orb Staff on January 23, 2013 No Comments
Categories : Residential Mortgage

13153_house1 NCOA Releases 2013 Edition Of Reverse Mortgage Guide The National Council on Aging (NCOA) has announced the availability of the 2013 version of ‘Use Your Home to Stay at Home,’ the official reverse mortgage consumer booklet approved by the U.S. Department of Housing and Urban Development (HUD).

Federal law requires that all individuals who are considering a reverse mortgage receive unbiased counseling by a HUD-approved counseling agency and receive a copy of the NCOA guide. The 2013 version of ‘Use Your Home to Stay at Home’ reflects the latest statistics and rules related to reverse mortgages.

‘Along with reverse mortgage counseling from a HUD-approved counselor, the guide is a trusted source of information for older adults to understand their options before they commit to a loan,’ says Amy Ford, director of NCOA's Reverse Mortgage Counseling Services Network.

The 2013 version of the guide can be downloaded for free.

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