The attorney general alleges that home equity contracts are reverse mortgages without similar oversight, but Hometap disputes ...

Because repayment is delayed and there's usually no credit score requirement, reverse mortgages can appeal to homeowners who are home-rich but cash-poor or who have spotty credit. There are ...

Alleging that a Boston company “pervasively and systematically violated the state’s consumer protection laws, including mortgage and ...

Reverse mortgages make the most sense for homeowners who plan to age in place. Since the loan is repaid when you move or sell the property, staying put allows you to maximize the loan benefits and ...

Reverse mortgages do not affect your Social Security benefits. But they can impact your eligibility for need-based government benefits like Supplemental Security Income or Medicaid, since a lump sum ...

Here's what's important for you to know: Reverse mortgages. The main attraction of these loans, which are available to homeowners ages 62 and older, is that they generally don't have to be repaid ...

Goran13 / Getty Images Reverse mortgages are a way for homeowners 62 years and older to draw an income (either in installments, a lump sum, or a credit line) against the equity they have built up ...

Most reverse mortgages are insured and regulated by the Federal Housing Administration (FHA). The government sets a borrowing limit for these FHA reverse mortgage loans. It’s up to $1,149,825 ...

Reverse mortgages, home equity loans and HELOCs can convert your home's equity into usable cash. Reverse mortgages may be a good choice for people age 62 and older who don't plan to pass their ...

One of the advantages of a reverse mortgage is that the borrower doesn’t have to make monthly payments to repay the loan. Instead, repayment is postponed until the homeowner no longer lives in ...