Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors — can ...

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.

As home prices stay elevated in most markets across the nation, and as more older Americans look for ways to unlock the equity in their homes, reverse mortgages are gaining attention. These loans, ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

You worked hard for your home; let it work for you. Compare reverse mortgage pros and cons with the ease of selling as-is in retirement.

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

For every problem there’s a solution—sometimes more than one.

I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I've got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...