The Consumer Financial Protection Bureau is an agency of the Federal government that serves the American public in several key ways: educating consumers about their financial rights; supervising financial institutions and enforcing consumer finance laws; and studying consumers, financial institutions, and markets.
One of the helpful services provided by this agency is called “Ask CFPB,” a great starting point for finding answers about your financial questions on a range of topics, from credit reports and scores to student loans to reverse mortgages. The “Ask CFPB” website can be found here.
Another link from the CFPB: Are you considering a Reverse Mortgage? Read this first: the Consumer Reverse Mortgage Guide explains, in clear terms, some basics of and warnings about reverse mortgages. The guide counsels caution, but also provides useful information on when and how a reverse mortgage could be appropriate. The guide is a good starting point for those considering this type of home equity loan.