An international law firm with more than 1,600 attorneys active across 32 U.S. cities and in London recently released a podcast episode entirely about the legal complexity — and overlooked ...

In response, HousingWire’s Reverse Mortgage Daily (RMD) sought input from industry participants and a subject matter expert at a consumer advocacy law firm to determine what the impact might be ...

A Calistoga city councilmember is being sued for allegedly “cajoling” an 84-year-old woman in cognitive decline to take on a ...

The primary requirements for a reverse mortgage include: Being at least 62 years old; Owning your home outright or having a low mortgage balance that can be paid off with the reverse mortgage proceeds ...

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 ...

Like a reverse mortgage, a HELOC lets you access cash by borrowing against the equity in your home. It's a revolving line of credit, so you can borrow only what you need during the draw period ...

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 ...

The Moneyist I’m 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead? ‘I could live on my Social Security alone, as I wouldn’t ...

You have a substantial amount of home equity and need to supplement retirement income. If you own your home outright and find Social Security isn’t enough to meet your needs, a reverse mortgage ...

It’s an unfortunate thing that many seniors reach retirement age with very little savings. So if you get to that point and need money, you may be inclined to sign up for a reverse mortgage. In ...

Most reverse mortgage loans are government-backed Home Equity Conversion Mortgages (HECMs) that come with certain requirements from the Federal Housing Administration (FHA).