Learn how to tell whether your situation makes a reverse mortgage a good idea or a bad one.
Discover the three different types of reverse mortgages available to qualifying homeowners age 62 and older.
If you own your home and are at least 62 years of age, a reverse mortgage provides an opportunity to convert some of your home equity into cash. In the most basic terms, a reverse mortgage...
More people opted for reverse mortgages in 2021 than the previous year. Here’s a look at reverse mortgage borrowers.
Find a Lender ... Free Consumer Guides ; Work with a Certified Reverse Mortgage Professional ; Reverse Mortgage Calculator ; Barron’s Highlights Benefits of HECM Line of Credit ; Fear of Running Out of Money in Retirement Lessened by Reverse Mortgage ; Kiplinger: A Reverse Mortgage Can Be a Solution for Divorcing Couples ; Guide for Borrowers Impacted by Natural Disasters ; Improving Access to Home Equity Can Help Fix America’s Retirement System ; Advice for Children of Seniors ...
Reverse mortgages are failing at nearly double the U.S. national average in Puerto Rico, a problem magnified by natural disasters.
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...
16 2.1 Reverse Mortgage Product Development. 17 2.2 The HECM Program. 18 2.3 HECM Program Requirements & Consumer Protections. 20 2.4 Key Product Decisions for the Prospective Borrower. 23...
Here's how to evaluate whether a reverse mortgage might be a good option for nursing home or long-term care costs.
June 2015 A closer look at reverse mortgage advertisements and consumer risks Office for Older Americans 2 CONSUMER FINANCIAL PROTECTION BUREAU Table of contents Table of contents. 2 1....