Reverse mortgages can unlock big financial flexibility, but some options may work better than others right now.
Against this backdrop, reverse mortgages are having a moment. Applications have been climbing as more senior homeowners ...
A reverse mortgage allows older homeowners to tap their home’s equity and receive tax-free payments. Many reverse mortgage borrowers use these payments to supplement retirement income. The most common ...
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 ...
The Department of Housing and Urban Development recently published a new FAQ document for servicing questions related to HECMs. The FAQ includes 12 different questions that cover a range of topics. It ...
Reverse mortgages let older homeowners stay put for years, but how long that actually is depends on a few factors.
Our team researched more than two dozen of the country’s most home equity lenders, including large companies like Navy Federal Credit Union, U.S. Bank, TD Bank, Third Federal and Spring EQ. 640 Data ...
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 ...
"This new reverse 2nd loan allows seniors to keep their great 1st loan and tap just a little bit of their equity with a no-payment 2nd loan. It allows seniors to make ends meet and enjoy retirement.” ...
Watermark Reverse Mortgage is a licensed lender specializing in reverse mortgage solutions for homeowners aged 55 and older. It offers loan products insured by the Federal Housing Administration (FHA) ...
One of the biggest originators of reverse mortgages in the U.S. Standard HECM, HECM for Purchase, Reverse mortgage Refinance, Single-Purpose Reverse Mortgage, Proprietary Reverse Mortgage Learn More ...
An appeals court ruled that HEIs are reverse mortgages under Washington state law, impacting Unison and similar providers.