You need to be 62 and older. The first key thing to know about reverse mortgages is that only seniors can qualify for them. As Lisa Gaffikin, a home loan specialist at Churchill Mortgage explains ...

Reverse mortgage professionals who are focused on client conversations to generate business in a tough market may benefit from using certain product facts to orient the conversations — whether ...

The first U.S. reverse mortgage was issued in 1961 by the Deerfield Savings and Loan in Portland, Maine. Between then and 1988, when the federal government began sponsoring the program, ...

Attracting mortgage lenders, bankers, financial advisors and REALTORS is critical to growing the reverse mortgage market, but the industry has yet to fully crack the code on bringing new entrants ...

Your reverse mortgage loan is due if you move out, sell the home or pass away. If you downsize, you'd have to pay off your reverse mortgage – typically by selling the home.And while you don't ...

Reverse mortgage market may be teetering on… Share this: Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window) ...

A reverse mortgage is a loan where the lender pays a homeowner (in a lump sum, a monthly advance, a line of credit, or a combination of all three) while he or she continues to live in the home ...

Reverse mortgages originated in 1961 as a way for a woman to stay in her home after her husband died. In 1989, the FHA launched the first home equity conversion mortgage.

It is often suggested that funds received from a reverse mortgage do not affect either government or private retirement benefits; however, there have been cases where the government considered ...

5 important reverse mortgage facts seniors should know. Here are five critical facts to keep in mind for seniors considering a reverse mortgage right now: You need to be 62 and older.