Reverse Mortgage Resources
Do you have questions about reverse mortgages? Many Texans do. The following resources provide a wealth of information about this increasingly popular form of loan.
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FTC Guide to Finding the Best Mortgage: This page on the Federal Trade Commission's Web site includes some practical tips on selecting a mortgage and a worksheet to help you compare mortgage loan products. (this page in Spanish)
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HUD (U.S. Department of Housing and Urban Development) offers a page tailored to the concerns of seniors, including financial assistance resources and guides for to help you make the right choice for your situation. This site addresses the many types of options you should consider when maximizing your financial situation. You can also link directly to a list of HUD-approved housing counselors. (this site in Spanish)
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AARP (formerly known as the American Association of Retired Persons) provides extensive and well-organized material on reverse mortgages. Their approach is balanced, presenting both pros and cons. (this site in Spanish)
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Texas Department of Protective and Regulatory Services: Adult Protective Services (APS): APS is responsible for investigating abuse, neglect and exploitation of adults who are elderly or have disabilities. Elderly adults who feel that they have been taken advantage of in the loan process may want to the contact this state agency.
