What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

In the May 2024 reverse mortgage rates report, we discussed how reverse mortgage borrowers might benefit from higher interest rates over the life of the loan. While this is counterintuitive, one must ...

The Age of Reverse Mortgages, which I wrote about in April, is here. We can credit a new form of reverse mortgage, the Saver Home Equity Conversion Mortgage (HECM), for getting the ball rolling. The ...

(NewsNation) — Reverse mortgages are one way for older homeowners to borrow money against their home equity without having to sell, but they can also be financially risky. If you’re 62 or older, you ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

With rising costs and high interest rates these days, home ownership can be tough for many people. This can be especially true for seniors, who may be on a fixed budget. Thankfully, there is an option ...

Reverse mortgages allow seniors to tap into their home equity to supplement living expenses during retirement. Reverse mortgages come with age, residency, equity and debt guidelines the borrower must ...