Part of a series on the Great Recession Major aspects Subprime mortgage crisis 2000s energy crisis 2000s United States housing bubble2000s United States housing market correction 2007...
Reverse mortgages might be attractive options for seniors with limited incomes and financial uncertainty. However, these types of mortgages are complicated financial products that often have signif...
A reverse mortgage is a type of loan that allows older homeowners to borrow against their home’s equity. See if a reverse mortgage is the right option for you.
Have you thought about using a reverse mortgage to pay for your long-term care? Here's what to know first.
Here's what you should consider before taking out a reverse mortgage.
If you're a senior looking to reduce expenses or have extra income, a reverse mortgage may be worth considering.
CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages.
In addition, there may be costs during the life of the reverse mortgage. A monthly service charge may be applied to the balance of the loan (for example, $12 per month[8] ), which compounds...
Learn how to tell whether your situation makes a reverse mortgage a good idea or a bad one.
For example, homeowners who obtain a reverse mortgage at age 62 may deplete their home equity and run out of loan proceeds later in life when they are apt to need supplemental income due to...