Buying a home in retirement can be challenging, but one underused loan option could make it easier for retirees.

CMG Home Loans, the retail lending division of CMG Financial, has its eyes on growing its dedicated reverse mortgage segment. In addition to recently making a key operations hire in an effort to ...

The reverse mortgage business is likely to see an annual reduction in total loan volume by the time 2023 is over. Elevated interest rates have been leading to less beneficial terms for borrowers, ...

Death, taxes and (if you want to own a home) mortgage payments never seem to go away. But there might just be a way to get rid of your monthly mortgage payment without paying cash for your home. Many ...

A reverse mortgage allows older homeowners to tap their home’s equity and receive tax-free payments. Many reverse mortgage borrowers use these payments to supplement retirement income. The most common ...

The largest reverse mortgage lender in the country, Mutual of Omaha accounted for over 22% of the market in 2024. It offers both FHA-backed Home Equity Conversion Mortgages (HECMs) and a proprietary ...

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A Barefoot State of Mind: Visit Barefoot’s Doors to Oars Home Tour: Saturdays, Aug. 16, 23 & 30 Erie approves rezoning for Westerly expansion, reducing density and paving way for growth Should I buy a ...