Reverse Mortgage Guide for Older Homeowners & Families | Home Equity Decision Workbook

Seller's description

Understand your options before you decide.

This 30-page Reverse Mortgage Guide + Workbook helps homeowners and families learn how a reverse mortgage may fit into a larger housing decision. It begins with the person, the home, and future plans rather than beginning with complicated mortgage terminology.

PLANNING YOUR NEXT STEP?

Explore more home and aging guides for selling, downsizing, home equity, and aging in place:
https://www.etsy.com/shop/SeniorsHomeZone?section_id=60115794

A reverse mortgage is not only about remaining in the current home. This guide explores how home equity may relate to staying, improving the home, increasing monthly cash flow, creating a financial cushion, helping family members, moving, or purchasing another home with a HECM for Purchase.

WHAT IS INCLUDED

• 30-page printable PDF
• Plain-language reverse mortgage education
• Interactive worksheets and checklists
• Questions to discuss with family and professionals
• Space to record priorities, concerns, and next steps
• Myths and facts
• HECM for Purchase information
• Resources from HUD and the Consumer Financial Protection Bureau

TOPICS COVERED

• What a reverse mortgage is
• HECM basics and general eligibility
• How available proceeds are determined
• Paying off an existing mortgage
• Ways proceeds may be received
• Ongoing homeowner responsibilities
• Property taxes, insurance, HOA charges, and maintenance
• Costs and fees
• Required independent counseling
• Moving or selling the home
• What happens after the borrower dies
• Heirs and the home
• Non-recourse protection
• When a reverse mortgage may or may not fit
• HECM for Purchase
• Questions to ask your lender
• Planning your next step

DESIGNED TO HELP YOU

• Understand the basics without feeling pressured
• Think about what you want your next few years to look like
• Consider whether your current home still fits your life
• Explore staying, selling, moving, or purchasing another home
• Prepare questions before speaking with a lender
• Include family members or trusted professionals in the conversation
• Make a more informed housing decision

PLEASE NOTE

This is an instant digital download. No physical product will be mailed.

You will receive one PDF formatted for standard 8.5 × 11-inch paper. Print the complete guide or only the worksheets and pages you need.

Colors may vary slightly depending on your monitor, printer, ink, and paper.

Etsy digital purchases may need to be downloaded through a web browser or computer rather than through the Etsy app.

IMPORTANT INFORMATION

This guide is for general educational and planning purposes only. It is not an offer to lend or individual financial, tax, legal, real estate, housing-counseling, or mortgage advice.

Eligibility, available proceeds, interest rates, costs, property requirements, spouse protections, and servicing outcomes depend on individual circumstances, current program rules, and loan terms. Information may change. Review current loan disclosures and seek guidance from appropriately licensed or qualified professionals.

Your purchase allows you to keep and print this guide for your personal or household use. Digital files may not be shared, resold, redistributed, copied for clients, or reproduced for resale.