The share of mortgage-free U.S. homeowners has hit a record 39.8%—a trend powered by an aging population and rising all-cash ...

A reverse mortgage can be a powerful tool, but like most financial products, they come with risks that need to be carefully considered. There are those upfront costs previously mentioned.

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 ...

When he thinks a reverse mortgage might be a good fit for a client, he often introduces the idea over the course of a few meetings. That gives clients time to process their feelings after seeing ...

Freedom Mortgage, Lender NMLS ID: 2767. Equal Housing Opportunity. For more information, visit FreedomMortgage.com. FREEDOM MORTGAGE CONTACT: Ellen Longo 609-678-0968 Ellen.Longo@FreedomMortgage.com ...

Reverse mortgages are generally considered an expensive way to borrow. You’ll have to pay mortgage insurance premiums, closing costs from third parties and an origination fee which can go as ...

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 ...

Experience financial freedom and peace of mind with a reverse loan. Don’t hesitate to contact us if you want to learn more about the FHA reverse mortgage program or find out if you qualify.

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.

Like many of his colleagues, Rodriguez feels optimistic about the places the reverse mortgage product can go. “I’m still a very, very strong believer in what this can do, No. 1,” he said.

Government National Mortgage Association (Ginnie Mae) announced last Friday that Financial Freedom, issued two fixed rate reverse mortgage transactions and one LIBOR transaction under Ginnie Mae ...