A reverse mortgage can help by giving you access to a lump sum of cash or a line of credit you can tap when needed for these types of costs. This can be especially valuable for covering out-of ...

Both home equity lines of credit (HELOCs) and reverse mortgages, for example, have appealing features for borrowers to explore currently. Below, we'll break down why each may be the better option ...

When most people think about retirement planning, they envision options such as 401(k)s, IRAs, pensions, and possibly Social ...

Following the announcement this week that the latest version of MISMO’s reference model includes reverse mortgage features, Morales sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to ...

And with a reverse mortgage, you continue to own your home, which means you're still responsible for property taxes, homeowners insurance, home repairs and maintenance, and so on. If you fail to ...

A reverse mortgage is a type of loan you can access if you’re 62 years old or older, allowing you to access the equity in your home as cash.

The bureau recently published a report about the home equity investment space, and it filed an amicus brief with a court to state its position January 27, 2025, 5:41pm by Chris Clow News > Mortgage ...

Chris Bruser, a reverse mortgage specialist with Mutual of Omaha in Tampa, notes, “A divorced person may have had their net worth cut in half in divorce. The HECM helps preserve those investment ...

A home equity conversion mortgage, or HECM, is the most common type of reverse mortgage. It is backed by the Federal Housing Administration and, in 2025, is capped at $1,209,750.

For example, if your home is worth $400,000 and you owe $150,000 on a reverse mortgage, selling the home could pay off the reverse mortgage and leave you with $250,000. Of course, selling is only ...

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 ...

With a HECM, the maximum amount you can borrow is $1,209,750 for 2025, though the amount you’ll qualify for depends on the appraised value of your home, your existing mortgage balance and other ...