A single-purpose reverse mortgage can offer retirees affordable access to equity, but there are strings attached.

While most reverse mortgage borrowers don't make regular payments, you're not actually required to wait until a triggering ...

Most lenders require a certain amount of equity to qualify for a reverse mortgage, but the exact amount can vary.

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 ...

What many people have now — house, lifestyle, neighborhood, friends, church, club — is exactly what they’d like to keep. Unfortunately, many older folks simply don’t know how or where to look to find ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Best known for creating the 1980s title role of the ...

Many Americans have used the reverse mortgage as a way to make retirement living more affordable. With the cost of healthcare and other living expenses dramatically rising in recent years, it’s no ...

Many Americans are retiring with less cash than they would like. But in some instances, that can be offset by unexpectedly large — yet welcome — boosts in their home values. Financial planners ...

Even so, HELOC interest rates have dropped considerably in the past year, falling two percentage points since September 2024. Currently, HELOC rates are averaging about 8%. Average credit card ...

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 ...