Here's what's important for you to know: Reverse mortgages. The main attraction of these loans, which are available to homeowners ages 62 and older, is that they generally don't have to be repaid ...

That makes reverse mortgages appealing to homeowners with or bad credit. There are unique risks, however: When the loan is due, you or your heirs will be faced with a balloon payment or face ...

Have you ever mentioned reverse mortgages at the family cookout? Be honest—what happened? Three people left the table, two went underneath it, and Aunt Petunia made a weapon out of a plastic knife!

Sample rates are based on the most recent government data on reverse mortgages, issued in February 2025. Reverse mortgages ...

Reverse mortgages involve fees such as origination fees, mortgage insurance premiums, closing costs, and servicing fees.

These loans, also referred to as private or proprietary reverse mortgage loans, aren’t bound by the same regulations as government-backed home equity conversion mortgages (HECMs), resulting in ...

Reverse mortgages have been called risky and confusing - but what if everything you thought you knew was wrong? On this episode of Decoding Retirement, Robert “Bob” Powell speaks with Don ...

Even heirs who want to pay off reverse mortgages to hold onto a family home, and have the means to do so, can find themselves stymied by a seemingly endless cycle of conflicting messages ...

Answer: A reverse mortgage can be a helpful tool for people 62 or older who are house rich and cash poor. These mortgages allow people to tap some of their equity without requiring that the ...

that house you had, your $700,000 house, 20 years later, has doubled in value. So now you've got a $1.4 million home, your reverse mortgage balance is $500,000. I'm just making up numbers. The ...

King George Triad, a program designed to educate senior citizens about crime prevention, plans an informational session next week on reverse mortgages. The meeting will be held at 1 p.m. on ...