If you're at least 55 years old and have much of your net worth tied up in your home, a reverse mortgage may be a good way to fund your retirement. But there are numerous benefits and drawbacks to ...

ARLO, a reverse mortgage calculator that offers an instant quote; ... When you have a reverse mortgage, you’re required to keep up with property taxes, home insurance and HOA dues.

Reverse mortgages have been around for a long time without really catching on. Banks considered them more of an insurance product than a mortgage product and they could be a hassle to service ...

Over time, the reverse mortgage dishes out the equity in their home, currently worth about $400,000. In their case, it provides a monthly "paycheck" of $700. That's on top of their pensions.

Fortunately, HUD has beefed up the mandatory no- or low-cost counseling that borrowers must get before taking out a reverse mortgage. 0:00 / 2:50 Get a retirement life ...

A reverse mortgage is a lending option that lets homeowners who’ve paid off all or most of their mortgage to tap into their home equity. Reverse mortgage funds, which are only available on ...

Prospective homebuyers now can ask a very familiar source to calculate traditional mortgage payments: Google. However, there are no immediate plans for a tool to calculate reverse mortgages, a ...

About five years ago, Elizabeth Kirkaldie, 76, a real estate broker in Napa, Calif., took out a $300,000 reverse mortgage on her home, using $250,000 to pay off the traditional mortgage she still ...

Reverse Mortgage Brokers Are No Angels By Marlys Harris Updated on: December 11, 2009 / 12:25 PM EST / MoneyWatch ...