Want more in-depth information on reverse mortgages? This page highlights some outstanding technical resources.
The two best technical resources for consumers
are both provided by Ibis Software.
>> One is a website at which you can see
the details on several different HECM
loans for which you may qualify.
>> The other is a fully-featured reverse
mortgage loan analysis and comparison
program - the Reverse Mortgage Analyst -
that is used by HUD's HECM counselors.
(This software meets AARP's "Model
Specifications for Analyzing and
Comparing Reverse Mortgages.")
You can get an individually-customized
packet that analyzes and compares your
reverse mortgage choices that is generated
by the Reverse Mortgage Analyst. Just
contact a HECM counselor.
You can also see all the technical information about the HECM program that is used by HECM counselors.
>> This information includes the complete set
of rules governing the HECM program:
the federal law, regulations, program
handbook, and HUD policy letters
(which HUD calls "mortgagee" letters).
>> It also includes a copy of the complete
training manual that HUD uses to train
HECM counselors, and an in-depth
"Technical Topics" page.