A reverse mortgage lets you borrow money based on the equity you have in your home — but it's not the same as a home equity loan or a home equity line of credit ...
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Jun 2, 2009 · To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866- ...
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Reverse mortgage loans | Consumer Financial Protection Bureau
www.consumerfinance.gov › reverse-mo...
Call us if you still can't find what you're looking for. You can also submit a complaint about an issue with reverse mortgages over the phone. (855) 411-2372.
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Aug 28, 2023 · A reverse mortgage loan is not free money. It is a loan where borrowed money + interest + fees each month = rising loan balance. The homeowners ...
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Shopping around for a home equity loan or a home equity line of credit can help you get better terms and a better deal. Reverse Mortgages. Reverse mortgages let ...
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The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through a Federal ...
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The FTC enforces laws that protect consumers from deceptive mortgage practices by certain kinds of lenders. The FTC also takes action when companies use illegal ...
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Reverse mortgages strip equity from seniors' homes. When it comes time to finally move and sell the house, they may no longer have any equity in the home ...
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