In her article, featured on the Consumer Financial Protection Bureau’s (CFPB) blog on September 24, 2014, Nora Dowd Eisenhower provides a guide to consumers who may be considering a reverse mortgage as a means of supplementing income. Eisenhower addresses first-year payout limits and protections for non-borrowing spouses in order to provide additional context for potential borrowers.
You can read Eisenhower’s full article on the CFPB blog. The CFPB also provides a guide to reverse mortgages for older homeowners and their families.