We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...

Sometimes the path to a better retirement isn’t about working more or saving harder. It’s about unlocking the resources you ...

For many seniors, one of the biggest concerns when approaching retirement is what to do with their home. Two of the most common options are taking out a reverse mortgage or selling their home outright ...

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

Reverse mortgages, which allow homeowners aged 62 and older to convert part of their home equity into cash without having to make monthly mortgage payments, have become increasingly popular among ...

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.

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

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, ...

A reverse mortgage is designed for homeowners 62 or older that allows them to convert part of the equity in their home into ...

TOPEKA, Kan. (WIBW) - You see advertising for reverse mortgages everywhere, but are they worth considering? Carl Carlson, founder and CEO of Carlson Financial, visited Eye on NE Kansas to clear up ...

Onity Group will sell $9.6 billion in reverse mortgage servicing rights to Finance of America and exit the reverse ...