AFSA Reverse Mortgage White Paper Provides Insights, Updates

This week, AFSA’s State Government Affairs team published their latest white paper, covering reverse mortgages. Reverse mortgages offer a way for seniors to tap into the available equity of their home and can help them maintain their standard of living, afford long-term care or cover other expenses for their families during their lifetimes.

There are still many misconceptions about how reverse mortgages work and what responsibilities remain for property owners after taking out a reverse mortgage. This white paper takes an in-depth look at the history of reverse mortgages and the various types available. The paper also looks at recent state legislation regulating reverse mortgages.

AFSA’s State Government Affairs team publishes a white paper every month. You can find all of SGA’s white papers since 2012 in the SGA resources section of AFSA’s website.