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.
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.
A reverse mortgage could help you cover your monthly expenses if you have limited retirement funds, but it has pros and cons. Learn more.
If you're a senior with lots of home equity, a reverse mortgage could provide a lot of cash. There are some serious considerations, however.
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 single-purpose reverse mortgage offers regular advance payments of a borrower's equity for a contractually specified purpose.
A reverse mortgage appraisal is an assessment made of a home's value by inspecting its condition, which helps determine the amount a lender may extend to a borrower.
A reverse mortgage is a home loan that allows homeowners ages 62 and older to withdraw home equity and convert it into cash. Borrowers don't have to pay taxes on the proceeds or make monthly mortga...
The HECM Saver program was introduced in 2010 as a discounted home equity conversion mortgage option for eligible senior homeowners. It was discontinued in 2013.
In Canada, a reverse mortgage can help homeowners 55 and older access cash by borrowing against their home equity.