A reverse mortgage can help eliminate remaining mortgage payments. Paying off an existing home loan with a reverse mortgage ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

Dear Savvy Senior: What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living ...

Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. If ever you want to clear out a room, start a conversation about reverse mortgages.

An appeals court ruled that HEIs are reverse mortgages under Washington state law, impacting Unison and similar providers.

If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your ...

The personal finance author explains why seniors should steer clear of this type of loan. Most financial professionals strongly recommend paying off all debt before retiring on a limited fixed income.