If you’re an older homeowner who needs help paying for property taxes or home repairs, a single-purpose reverse mortgage may be a good option that's affordable.

Don’t believe everything you hear.” This couldn’t be truer when it comes to refinancing reverse mortgages. Many homeowners ...

There were 361 complaints about reverse mortgages submitted to the CFPB in 2023, a number that dropped to 298 in 2024.

For information about such loans and other reverse-mortgage alternatives for low-income seniors, go to the HUD website. Downsizing. You can sell the old homestead, buy a more modest house or ...

A reverse mortgage allows older homeowners to borrow against the equity they've accrued in their home. But unlike the monthly payments required by a home equity loan or HELOC, the debt from a ...

For senior homeowners, one viable option is a reverse mortgage, which is a unique type of mortgage that allows individuals aged 62 or older to convert a portion of their home equity into cash.

While you need to review your options carefully, reverse mortgage lenders have a worse reputation than they deserve, says Miser. “There’s a lot of poor information and guidance out there which ...

Reverse mortgages can be used to pay for long-term care provided you don't move to a nursing home or assisted living facility for more than 12 consecutive months.

Your parents, the people who always seemed invincible, confess they're struggling to keep a roof over their heads. The house you grew up in might slip through their fingers, and now they’re ...

A HELOC will generally be better for more homeowners in 2025 for a simple reason: it doesn't come with the same age restrictions that a reverse mortgage does. But that's not the only reason why it ...

Reverse servicing pro Jared Skrabala says a 2023 action tied to a Colorado fire could help impacted HECM borrowers in Los ...

As we age, our financial needs often evolve, presenting unique challenges and opportunities. For many older Australians, their home represents their most significant asset. However, accessing this ...