Top reverse mortgage advice homeowners should know now While a reverse mortgage can be a smart way to cover your expenses during retirement, it's important to approach this type of borrowing ...

And with a reverse mortgage, you continue to own your home, which means you're still responsible for property taxes, homeowners insurance, home repairs and maintenance, and so on. If you fail to ...

Reverse mortgage professionals often talk about a need to be dedicated to both the product and the demographic it’s designed to serve. Specialization, some argue, is a key differentiator for ...

Reverse mortgages are generally considered an expensive way to borrow. You’ll have to pay mortgage insurance premiums, closing costs from third parties and an origination fee which can go as ...

By having the questions to select reverse mortgage questions now, seniors can better position themselves for long-term borrowing success. Getty Images/iStockphoto News last week that inflation ...

A reverse mortgage can be a powerful tool, but like most financial products, they come with risks that need to be carefully considered. There are those upfront costs previously mentioned.

reverse-mortgage provider, then went back on their promises of financial support, the company said in a lawsuit Wednesday. The Government National Mortgage Association, known as Ginnie Mae ...

I took out a reverse mortgage, and my current interest rate is 6.75%. I have about $325,000 equity in my home currently, with a reverse-mortgage payoff amount of around $200,000.

AIG Chief Executive Officer Martin Sullivan is the latest victim of the credit crunch. For the past three years, he has led the world's largest insurance company. In recent months, he presided ...

AIG shares were trading 8 percent lower at $40.57 in afternoon trade on the New York Stock Exchange. The stock has fallen about 44 percent over the past year, compared with a 25 percent decline in ...

AIG is expected to discuss the future of the mortgage insurance business on Tuesday, when it releases its strategic plan, and the sources said this week the company will pursue a partial spin-off ...