State Unit on Aging
"To Promote the Dignity, Independence, & Freedom of Choice for Older Nebraskans"

Reverse Mortgages

The reversed mortgage is a type of home equity conversion mortgage that allows access to the value in the home without giving it up and without monthly payments.   This special type of loan can provide funds by lump sums, monthly advances, a lone of credit or any combination of these choices.  Reversed mortgage does not have to be repaid until the last surviving borrower no longer lives in the house.  The lender only looks to the value in the property to satisfy this debt.  For more information call the State Unit on Aging at 800-942-7830 (in Nebraska) or 402-471-2307.

---

For more information, contact:
Department of Health & Human Services
State Unit on Aging
P. O. Box 95026
Lincoln NE  68509-5044

Phone: (402) 471-4623,     
1-800-942-7830 (Nebraska only)
Fax: (402) 471-4619
E-mail: Sarah Briggs

Physical Address
Nebraska State Office Building
5th Floor
301 Centennial Mall South
Lincoln NE  68508