Not every sales pitch for a reverse mortgage should be worth your time. People aged 62 or older are the target demographic for reverse mortgages — a tool that can tap their home’s equity for cash. But ...

Sophisticated scams increasingly target seniors, as thieves often use technology to gain access to personal information.

Guild Mortgage is one of the largest mortgage lenders in the country. But unlike many on that list, it also offers a full ...

Learn about reverse mortgage risks, including high costs and foreclosure risks. Explore alternatives like HELOCs and home equity loans. Find out how these loans work.

Reverse mortgages sound like a great idea, especially when you’ve built up significant equity in your home and you’re looking for an additional income stream. But they can be risky business, ...

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database ...

Ohio case highlights rising elder fraud risks: A scammer’s attempt to steal home equity through a reverse mortgage was thwarted. SmartPolicy technology stopped the crime: EquityProtect’s system locked ...

The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 ...

According to a report from the Federal Bureau of Investigation's (FBI) Internet Crime Complaint Center (IC3), total reported losses by those over 60 topped $3.4 billion in 2023, and that's just the ...

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly ...