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Provides various options for refinancing home loans.

Categories

Foreclosure Prevention Loan Modification/Refinancing Programs
Reverse Mortgage Programs
Offers home equity conversion mortgages to older adults. This type of mortgage provides supplemental income by allowing older homeowners to draw on the equity on their home while they reside in it.
Makes available home equity conversion mortgages which allow older homeowners to draw on the equity of their home while residing in it.
The AARP Foundation's Reverse Mortgage Education Project (RMEP) educates homeowners (and other interested parties) about reverse mortgages that allow them to borrow some of the accumulated equity in their homes without having to repay the loan until they sell the home or permanently move away. Services/Resources: Home Made Money: A Consumer's Guide to Reverse Mortgages - This 46-page booklet (available in print or online) provides a comprehensive overview of reverse mortgages that may help older homeowners tap some of the equity in their homes without having to sell or move. The guide also describes less costly alternative programs that may also help homeowners remain independent in their communities. Reverse Mortgage Counseling - Interested homeowners aged 62 or older can receive a referral to an exam-qualified reverse mortgage counselor who can provide more in-depth information about the pros and cons of reverse mortgages, some information about the loan fees and costs, a personalized estimate of approximately how much a homeowner can borrow and information on other programs and services that might help someone remain in their home. The free reverse mortgage counseling session can be done in person or by telephone and usually takes at least one hour.