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 ...

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 ...

A reverse mortgage can help by giving you access to a lump sum of cash or a line of credit you can tap when needed for these types of costs. This can be especially valuable for covering out-of ...

How to get a reverse mortgage while on Social Security If you are receiving Social Security and want to apply for a reverse mortgage, the process is similar to applying for one without Social ...

With a reverse mortgage, seniors can transform the equity in their home into cash, but without the same monthly payment obligations as a HELOC. However, each loan product has pros and cons.

The top-three reverse mortgage lender and servicer is expanding into new territory with a senior-focused HELOC product, the company announced at The Gathering June 10, 2025, 3:30pm by Chris Clow ...

If you do have a reverse mortgage, your heirs will have to either come up with the money to pay back the loan or sell the home. If leaving your home without any conditions is a priority, you may ...

Reverse mortgage expert George Vrban practices what he preaches, using a reverse mortgage as a strategic tool for long-term retirement planning—not out of financial need.

A home equity conversion mortgage, or HECM, is the most common type of reverse mortgage. It is backed by the Federal Housing Administration and, in 2025, is capped at $1,209,750.

Many of those boomers who are homeowners could be overlooking an untapped asset when retirement planning. If you have significant home equity, a reverse mortgage may be a way to bring in some ...

I took out a reverse mortgage, and my current interest rate is 6.75%. I have about $325,000 equity in my home currently, with a reverse-mortgage payoff amount of around $200,000.

“Helping Seniors Since 1992 – Honest, Competent, Steadfast, and Solid” – ABC Anchorman, Friend, and Client: Jim Kincaid Reverse Mortgage Pro 3301 Wisteria Ct Chesapeake, VA 23321 ABOUT US ...