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ABA Family Legal Guide
The Rights of Older Americans
Housing and Long-Term Care Options
Home Equity Conversion
- I own my own home, and do not want to move, but I'm having trouble making ends meet. What can I do?
- How does a reverse mortgage work?
- Who is eligible for a reverse mortgage?
- Are reverse mortgages available in my area?
- How will a reverse mortgage affect my other benefits?
- What about tax consequences?
- What other kinds of home equity conversion are available?
- What if I sell my house and keep a life estate?
- What about a regular home equity loan?
- Is home equity conversion the only way to increase my monthly income?
- I am not sure that I can continue to live in my own home, but I would like to stay in my community. What other choices do I have?
Copyright © 2004 American Bar Association