You need to be 62 and older. The first key thing to know about reverse mortgages is that only seniors can qualify for them. As Lisa Gaffikin, a home loan specialist at Churchill Mortgage explains ...

Reverse mortgage professionals who are focused on client conversations to generate business in a tough market may benefit from using certain product facts to orient the conversations — whether ...

A reverse mortgage is a type of home loan for seniors ages 62 and older. Browse Investopedia’s expert-written library to learn about how they work and more.

Reverse mortgage flip the traditional lending model on its head. Learn who this home equity tool can benefit — and who should steer clear.

A reverse mortgage allows seniors to access cash from the equity they've amassed in their home. It can be an appealing prospect: You retain ownership of the property and the funds don't have to be ...

The first U.S. reverse mortgage was issued in 1961 by the Deerfield Savings and Loan in Portland, Maine. Between then and 1988, when the federal government began sponsoring the program, ...

A reverse mortgage is a unique type of loan where instead of making monthly payments to the lender, you receive money from the lender. However, it's crucial to understand that a reverse mortgage ...

A reverse mortgage is a loan where the lender pays a homeowner (in a lump sum, a monthly advance, a line of credit, or a combination of all three) while he or she continues to live in the home ...

Hesitant to sign up for a reverse mortgage? CNBC Select outlines the alternatives, including refinancing and home equity loans.

For example, if a reverse mortgage made $216,000 available and $200,000 was used to pay off an existing mortgage, the remaining $16,300 becomes a line of credit that grows over time.

5 important reverse mortgage facts seniors should know. Here are five critical facts to keep in mind for seniors considering a reverse mortgage right now: You need to be 62 and older.