and the ability to experiment with various retirement scenarios including reverse mortgages says AARP. Upon completion of the calculator, individuals will be provided links to a number of AARP ...

The calculator is part of its Reverse Mortgage Toolkit and is currently free. “We’re planning to cover our costs by offering a premium version in the future that will be a lot more powerful ...

If you’re at retirement age and worried about how you’ll pay the bills after the bear market devoured a chunk of your nest egg, you may be sitting on the solution: your home. With a loan ...

A reverse mortgage allows homeowners age 62 or older to convert part of their home equity to tax-free income -- without ... a spokesperson for AARP. Then there are third-party closing costs ...

Now, such groups as AARP and Consumers Unions — publisher of Consumer Reports magazine — are saying that safeguards added in recent years to reverse mortgages have earned them qualified approvals.

You’re not getting “free” money as a reverse mortgage borrower. The interest you don’t pay each month is being added to the debt(sturti / Getty Images) Q: We ...

According to AARP’s reverse-mortgage calculator, a 75-year-old in Arlington, Va., with a home worth $500,000 could get a lump sum of about $258,000 from a fixed-rate Saver or a lump sum of about ...

However, it's crucial to understand that a reverse mortgage is not a quick ticket to free money—it comes with several important considerations. Here's what you need to know. Finally, the loan ...

A 2011 AARP report estimated that typical closing costs range from $2,000 to $3,000. This range is also consistent with the numbers found currently on a calculator created by the National Reverse ...

If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income ... utilities and organizations offer help. AARP maintains a list of benefit programs by state.