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Massachusetts authorities have announced a new resource for seniors that are considering to apply for a reverse mortgage. The Massachusetts Office of Consumer Affairs and Business Regulation has released online information regarding reverse mortgages.

Reverse Mortgage Loans: What Borrowers Need to Know

They have provided information on what a reverse mortgage is, as well as additional information that can come in handy when deciding how to approach a reverse mortgage. You can find information on the following topics:

• What is a Reverse Mortgage Loan?
• Points to Remember about Reverse Mortgages
• Approved Reverse Mortgage Lenders and Loan Programs
• Industry Guidance on Reverse Mortgage Loans
• Other Helpful Resources

Find out what your rights are, and what is involved with a reverse mortgage. Get more information about reverse mortgages from the Office of Consumer Affairs and Business Regulation.