The Consumer Financial Protection Bureau (CFPB) recently released a Spanish translation of its Reverse Mortgage Discussion Guide. The guide can help older adults understand reverse mortgages, the financial programs available to them, and how to submit a complaint.
The guide provides an overview of many key concepts of reverse mortgage loans. Using simple text and graphics, the guide helps potential borrowers understand what a reverse mortgage is and whether it is the right loan for them.
The CFPB also offers a shorter guide, Considering a Reverse Mortgage, which discusses the basics of reverse mortgages. This guide is available in both English and Spanish.
The guides can also be a helpful resource for financial caregivers and others that serve older adults.
Find additional information by visiting the CFPB reverse mortgages web page.
(Posted June 28, 2019)