Reverse Mortgages: What to Know Before You Call
What to have ready before you pick up the phone: your home's approximate value and any remaining mortgage balance, a clear sense of your goals for the funds, and the questions worth asking — about costs, the required counseling, and how much you may qualify for. A little preparation makes that first call far more productive.
Key points
- Know your home value and mortgage balance
- Be clear on your goals for the funds
- Have questions ready about costs
- Ask what you may qualify for