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

Reverse mortgages can unlock big financial flexibility, but some options may work better than others right now.

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 ...

"I think a real good rule of thumb is don't touch the equity in your home unless you need it. And if you are 62+ and you are limited on income, we need to create income to offset Social Security.

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It’s an unfortunate thing that many seniors reach ...

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