Open AccessReverse Mortgages: Understanding the Basics
Author(s) -
Michael S. Gutter,
Selena Garrison,
Brent Litchfield,
Lisa M. Leslie
Publication year - 2009
Publication title -
edis
Language(s) - English
Resource type - Journals
ISSN - 2576-0009
DOI - 10.32473/edis-fy1105-2009
Subject(s) - loan , actuarial science , economics , business , accounting , finance
FCS3305, a 7-page fact sheet by Michael S. Gutter, Selena Garrison, Brent Litchfield, and Lisa Leslie, describes this type of tax-free loan that can be used to help fund retirement — requirements, cost considerations, alternatives, types of reverse mortgages, fees and interest, limitations, distribution types, and types of unscrupulous practices. Includes references. Published by the UF Department of Family Youth and Community Sciences, October 2009.