Phone: (812) 349-3401
Fax: (812) 349-3582
Email: HAND@bloomington.in.gov

A reverse mortgage is a loan against your home that you do not have to pay back as long as you live there. You can turn the equity in your home into cash without having to move or repay a loan each month. This is a complicated mortgage and anything that complicated can lead to mistakes. You do not want to make a mistake with the equity in your home. That is why you should do your homework before you talk to a lender.

To get more information about reverse mortgages, go to

http://www.aarp.org/revmort/

or

https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/hecmhome.

HAND offers free reverse mortgage counseling to interested parties and their families. The counselor will cover information about reverse mortgages, as well as, alternatives to reverse mortgage.