To qualify for a reverse mortgage, you typically need to be at least 62 years old — and the older you are, the more you may ...

What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

Imagine this scenario: Christopher is a 72-year-old retiree with multiple medical conditions that limit his mobility. He has ...

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 ...

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 ...

More seniors are carrying mortgages, sometimes out of necessity but also positives like longer lifespans, and this trend comes with several pros and cons.

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 ...

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. Are home equity ...

Over the past couple of months, proprietary reverse mortgage activity has been expanding. The HECM market leader has rolled out a new product, leading lenders in the space are singing the praises ...

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.