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A reverse mortgage provides home-owners access to the equity in their home as a source of income while maintaining ownership of — and residency in — the home.
The National Council on Aging has produced a helpful guide: Using your home to stay at home, available at ncoa.org/economic-security/home-equity/housing-options/use-your-home-to-stay-at-home/
You can also call NCOA for guidance at 855.899.3778 or 571.527.3900.
Another resource is the National Reverse Mortgage Lender Association at NRMLAonline.org
AFFORDABLE HOUSING ALLIANCE
- Nonprofit providing consultation regarding reverse mortgages
- 59 Broad St., Eatontown, NJ 07724
NJ HOUSING & MORTGAGE FINANCE AGENCY
- For homeowners age 62 and over
- 609.278.7400 or 800.654.6873
HOME EQUITY CONVERSION MORTGAGE (HECM)
- Sponsored by the U.S. Department of Housing & Urban Development
You can also explore a reverse mortgage with most bank and mortgage companies.
The Princeton Senior Resource Center does not endorse any of the resources listed on these pages. We collect and provide information from many sources as a service to those seeking services in the Princeton area. No listed provider pays to be in our directory.