Reverse mortgages allow seniors to borrow against their home equity. If the borrower dies, a reverse mortgage falls to their ...

Failing to do those things is considered defaulting on the mortgage and could lead to foreclosure. A reverse mortgage can have a fixed or variable rate and the funds can be issued as a lump sum ...

Pockets of the country, particularly urban, African American neighborhoods were hit hard by reverse mortgage foreclosures. Many were targeted by reverse mortgage brokers after the recession when ...

A reverse mortgage allows older homeowners to borrow ... property taxes or property maintenance or risk foreclosure. And the loan can come due early if it's shown you're not using the property ...

Compare reverse mortgages from at least three lenders ... This is meant to help limit the number of foreclosures that occur. 9. Watch out for high-pressure sales tactics You should be wary ...

Key Takeaways - How to Pay Back a Reverse Mortgage . Homeowners 62 and older may opt to use a reverse mortgage to help fund their retirement. Reverse mortgages prov ...