Both can help alleviate financial stress. Here's how to determine which makes sense for you, according to experts.

Retirees have options, but which income tool should you choose? Here's what to know before locking in a strategy.

Selling a long-held family home, replete with childhood memories and links to a local community, is one of the toughest ...

CNBC Select reviews Finance of America, a leader in the reverse mortgage market with a wide assortment of options.

Important considerations Now don't get it twisted—a reverse mortgage is not free money. It's still a loan that must be repaid eventually. Your debt increases over time. Think of it like this ...

According to Graves, about 98% of reverse mortgages in the US are HECMs, which are insured by the Federal Housing Administration under the US Department of Housing and Urban Development.

Reverse mortgage flip the traditional lending model on its head. Learn who this home equity tool can benefit — and who should steer clear.

Origination fees will also apply — with a federally backed reverse mortgage, those fees cannot exceed $6,000, but check with your jumbo reverse mortgage lender to verify what it charges.

To locate one, call 800-569-4287. Other options If a reverse mortgage doesn’t suit you, you could tap your home equity by getting a regular home equity loan or line of credit.

Morales explained that the overarching goal of the group lies in the development of a MISMO reverse mortgage reference model, along with the convening of different work products to provide ...

A reverse mortgage assistance program for residents of Washington, D.C., was revived in August after originally ending in late 2021.