News

A reverse mortgage isn't available for every homeowner. Typically, you'll need to be age 62 or older to qualify, leaving this ...
In turn, that wealth can serve as a major financial resource in the form of home equity. Home values have increased by about 45% over the past five years — a result of the pandemic buying frenzy that ...
Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 ...
Why a reverse mortgage may be better. Reverse mortgages are only offered to a portion of the homeowner community. With some rare exceptions, applicants will need to be age 62 or older to qualify ...
Compared with the FHA-insured Home Equity Conversion Mortgage (HECM), Longbridge Platinum products feature higher available proceeds, a streamlined approval process, more flexible requirements for ...
The U.S. population is older today than ever before, with people over 65 outnumbering children for the first time in history. Every day, around 12,000 individuals reach their 65th birthday! This shift ...
In the brief, the CFPB takes the position that a home equity contract counts as a residential mortgage, and it often corroborates that perspective with comparisons to reverse mortgages.
The Oregon legislature held a hearing last week on a proposed bill that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property.
Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 ...