AAG holds an A+ rating by the Better Business Bureau, has a 96% customer satisfaction rating and is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). To learn more about ...

State- and D.C.-level laws, statutes, and codes pertaining to reverse mortgages Fact checked by Melody Kazel Reviewed by Doretha Clemon In addition to federal laws regulating reverse mortgage ...

MCS, which moved into the reverse mortgage sector last year, is uniting with MSI, another leader in preservation services.

A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home equity, using their home as collateral. The loan amount you’re approved for is based on: ...

Ellington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge Financial, reported that its reverse mortgage segment’s adjusted distributable earnings were ...

Among other reverse mortgage eligibility requirements, you must be at least 62 years old, own a single-family home or other eligible property and live in the home as your primary residence.

Important considerations Now don't get it twisted—a reverse mortgage is not free money. It's still a loan that must be repaid eventually. Your debt increases over time. Think of it like this ...

Since a reverse mortgage must be the first mortgage on the property, their existing mortgage balance of $200,000 would be paid off, eliminating their principal and interest payment of $2,500.

For example, if your home is worth $400,000 and you owe $150,000 on a reverse mortgage, selling the home could pay off the reverse mortgage and leave you with $250,000. Of course, selling is only ...