The National Reverse Mortgage Lenders Association is launching a borrower outreach effort through the distribution of a new consent form the association has developed for its members. The form, which NRMLA encourages lenders to include in loan closing packages, requests contact information for the borrower if he or she chooses to share it. The collection…
A reverse mortgage enables the borrower to own a home without making a monthly mortgage payment and without negatively impacting the continued appreciation of the home. There is never a risk of ever losing the home.