This Louisiana woman refuses to pay a share of her 80-year-old mom’s reverse mortgage costs — says it’s ‘throwing money away.’ Now, her family resents her. Here’s the Ramsey Show’s ...

When a reverse mortgage is better Reverse mortgages work like traditional mortgages, but backward. Instead of you making payments to the lender, they pay you.

Reverse mortgages were originally designed to help older homeowners access home equity without selling or taking out a traditional loan and making monthly mortgage payments.

Seniors contemplating a reverse mortgage should familiarize themselves with these five facts before getting started.

If your elderly parents want to move into a new home but can't obtain financing on their own, you might be able to help through a loan commonly known as the Family Opportunity Mortgage.

A reverse mortgage can be a helpful tool for older homeowners who are house rich and cash poor. But problems can arise if debt piles up, leaving too little equity for late-in-life expenses.

Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.

A new private-label reverse mortgage from Longbridge aims to attract borrowers who are concerned about leaving assets for their heirs.

DEARBORN, MI – A 19-year-old man is accused in the non-fatal stabbings of three family members, including an 11-year-old girl, authorities said.

FRANKENMUTH, MI — The widow and daughter of fallen Michigan State Police Trooper Joel E. Popp have been freed from the burden of a mortgage, courtesy a nonprofit’s donation.

However, the family faces additional pressure from her mother’s reverse mortgage. A reverse mortgage lets homeowners above the age of 62 borrow money from their equity.