A single-purpose reverse mortgage can offer retirees affordable access to equity, but there are strings attached.

Buying a home in retirement can be challenging, but one underused loan option could make it easier for retirees.

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 ...

Many Americans have used the reverse mortgage as a way to make retirement living more affordable. With the cost of healthcare and other living expenses dramatically rising in recent years, it’s no ...

Fed rate cuts may be reshaping borrowing costs, but reverse mortgages follow different rules than other loans.

A reverse mortgage, also known as a home equity conversion mortgage HECM), is a home loan designed for homeowners aged 62 and older who want to take advantage of the equity they’ve accumulated in ...

Bob Powell: Is it possible to make monthly mortgage payments when you have a reverse mortgage? Here to talk with me about that is Don Graves, founder of the Housing Wealth Institute, adjunct ...

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it ...

How does a reverse mortgage work in Canada? An elderly couple happily engaged in a mortgage meeting with a banking specialist. Did you know that over 25% of Canadians aged 55 and older are considering ...

A reverse mortgage must be paid back when the borrower dies, moves out of the home or stops fulfilling the terms of the agreement, such as paying property taxes. You might choose to get out of a ...