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 ...
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 ...
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 ...
Reverse mortgages let older homeowners stay put for years, but how long that actually is depends on a few factors.
Paul L. Underwood is a writer and editor specializing in finance whose work has appeared in The New York Times, Esquire, Texas Monthly and more. Paul lives in Austin, Texas, with his wife, two ...
"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.
Says it is working with state regulators to ensure fairness in advertising and teach consumers where to go for help. The Consumer Protection Finance Bureau is out with a new report on reverse mortgage ...