One option for people in such situations is to take out a reverse mortgage, which lets them draw on their home equity while ...

Despite the 'entitlement' moniker, Social Security and Medicare are both benefits that workers earn. And reverse mortgages can be a strategic tool for certain people. Plus, we're setting the record ...

Many retirees are turning to reverse mortgages to help pay the bills on a fixed income. Discover how long the loan lasts, and ...

WASHINGTON — The housing bubble, lax regulatory oversight and an influx of shady loan professionals have made lawmakers uneasy about the safety and soundness of the popular government-backed ...

Over the last decade, reverse mortgages have been marketed as an easy way for seniors to cash in their home equity to pay for living expenses. However, many have learned that improper use of the ...

Government housing officials report that 46,000 reverse-mortgage borrowers under the government's insured loan program were delinquent on their loans as of July. This total is more than 50 percent ...

Top loan officers share strategies at the NRMLA Annual Meeting for effectively connecting with borrowers and partners in the ...

Speaking at NRMLA, Ryan Ponsford urges reverse mortgage professionals to enhance credibility and collaborate with financial ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

Reverse mortgage lenders are beginning to require senior borrowers to qualify for loans by proving that they have enough money to continue paying property taxes, home insurance premiums, and other ...

A reverse mortgage must be paid back when the borrower dies, moves out of the home or stops fulfilling the terms of the agreement, such as paying property taxes. You might choose to get out of a ...

An Aug. 20 Real Estate article mischaracterized some of the options available to homeowners who take out reverse mortgages. If elderly homeowners choose to receive the funds from a reverse mortgage as ...