These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

While a reverse mortgage may be the ideal financial tool for some, for others, it's important to know there are alternatives worth exploring. Costs: One-time, up-front costs include origination fees, ...

Retirees often struggle to operate on a fixed income — but today's economy, with its rising prices and increasing costs of living, makes things even harder. Fortunately for homeowners, there are ...

A reverse mortgage can be a useful way to access the value of your home without having to sell it. This is a form of lending intended for, and typically restricted to, older households. That said, ...

In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. A reverse mortgage is withdrawn from what is likely your most important ...

The names and details mentioned in this article have been changed to preserve anonymity. Jessica Olstrom was looking for extra cash to pay off mounting bills. She went to Equity Builder Mortgage to do ...

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program.

Reverse mortgages grew by 6% last year. Here’s why more seniors are borrowing against their homes—and what critics say could ...

The Mortgage Bankers Association (MBA)’s policy advocacy group, the Mortgage Action Alliance (MAA), is urging its members in the state of Massachusetts to support the continued use of remote telephone ...

I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I've got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...