If you think you’ve been a victim of a reverse mortgage scam, file a complaint with the Federal Trade Commission on its reporting website or by calling 1-877-FTC-HELP.

You’re the right age To qualify for a reverse mortgage, you typically need to be at least 62 years old — and the older you are, the more you may be able to borrow. Your age plays a significant ...

A home equity conversion mortgage, or HECM, is the most common type of reverse mortgage. It is backed by the Federal Housing Administration and, in 2025, is capped at $1,209,750.

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.

The most common type of reverse mortgage is the “Home Equity Conversion Mortgage” (HECM). The Federal Housing Administration (FHA) insures about 95% of all reverse mortgage loans.

Without a reverse mortgage, the model portfolio stood a 40% chance of having enough cash over a three-decade retirement. However, with a reverse mortgage, those odds bumped up to 80%.

HELOC vs. reverse mortgage: What seniors should consider now Eligible senior homeowners who are considering borrowing against their home's values can look into a home equity line of credit or a ...

Imagine this scenario: Samantha is retired at 69, but a few years back she took out a reverse mortgage. Now, she’d like to be done with it, especially since the loan comes with a hefty interest ...

The former attorney encouraged a victim to obtain a reverse mortgage and fund a trust account he was siphoning money from May 28, 2025, 4:38pm by Chris Clow News > Reverse ...

Here are some signs of a potential reverse mortgage scam to look out for: The scammer sends you an unsolicited offer. The scammer tells you it’s free money.

By Quentin Fottrell 'I could live on my Social Security alone, as I wouldn't have a house payment if I paid off the reverse mortgage' Dear Quentin, I am a retired and divorced 75-year-old woman ...