A reverse mortgage allows older homeowners to tap their home equity. You have several options for how to receive the money. Learn how a reverse mortgage works.
There are some important caveats to be aware of with reverse mortgages, and these loans are only available to select borrowers. If you’re considering a reverse mortgage, here’s how they work, the types available, and their pros and cons. A reverse mortgage draws funds from your home equity and pays you in regular installments. These payments are tax free and ...
Paying back a reverse mortgage can be done by selling the home, using savings, obtaining a new mortgage, or giving the lender a deed in lieu of foreclosure.
A reverse mortgage uses your home as collateral. Learn more about how to get a reverse and mortgage and next steps.
All senior homeowners should know and understand the main pros and cons of reverse mortgages before turning their home equity into spendable cash.
To become a certified reverse mortgage professional, you'll need to take classes, attend an ethics workshop, apply, pass a background check, and pass an exam.
A proprietary reverse mortgage is a loan that allows seniors to draw on their homes' equity. It isn't federally insured like most reverse mortgages.
A reverse mortgage is a type of loan reserved for those 62 and older. Here’s how it works, how you can get one and what to be wary of.
If you own your home and need additional income, you might be able to qualify for a reverse mortgage. Learn what it takes to get a reverse mortgage.
Everything you need to know about reverse mortgages—what they are, how they work, and how to decide if one is right for you.