There are rules about how reverse mortgages can be promoted. Fact checked by Vikki Velasquez. Reviewed by Lea D. Uradu. Seniors and retirees who haven't worked for many years may ...

In addition, according to Regulation Z of the Truth in Lending Act (TILA), lenders must make specific disclosures to people who apply for a reverse mortgage. These include: A notice that just ...

For retirees who own their home and want to stay living there, but could use some extra cash, a reverse mortgage is a viable financial tool, but there’s a lot to know and consider to be sure it ...