Ocean County Government
Board of Chosen Freeholders Dropdown arrow
Housing
Title Reverse Mortgage
Phone (732) 929-2091
Info A reverse mortgage is a concept that allows seniors 62 or older to receive a loan that converts home equity to retirement income. Since the program is very flexible and can be arranged to be tailored to meet the individual's needs, homeowners interested in equity conversion should seek legal and financial advice in determining the appropriateness of any equity conversion plan to their own income needs and before agreeing to participate in any plan. The New Jersey Department of Human Services, Division of Aging Services sponsors a Reverse
Mortgage/Education Program to assist older persons in making educated decisions regarding reverse mortgages.