When a reverse mortgage is better for seniors Reverse mortgages use your home as collateral, just as traditional mortgage loans do — but they work very differently.

However, paying a traditional mortgage every month enables homeowners to build equity and can be a means to securing one’s financial future. Homeowners typically can lean on the value of their homes ...

Aziz will lead the company’s new mortgage business unit. She previously served in executive roles at Roostify, Opendoor and Optimal Blue.

What now? I’m 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead?

Record-high home equity is good news for seniors looking to remodel their homes, particularly those considering a reverse mortgage.

Our reverse mortgage specialists understand that every homeowner’s situation and goals are different. We always provide personalized and feasible solutions to ensure each client’s needs are met.

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.

I'm 75 and have a reverse mortgage. Should I -2- Provided by Dow Jones Jun 23, 2025, 9:41:00 AM ...