The 60% reverse mortgage rule limits upfront borrowing. Here's what that means for older homeowners and their debt.

Reverse mortgage loan amounts are tied to the expected interest rate. The lower the rate, the more money you can borrow. Some ...

A reverse mortgage isn't available for every homeowner. Typically, you'll need to be age 62 or older to qualify, leaving this ...

This reverse mortgage rule could help heirs keep the home after the borrower dies — but there's one big catch.

A reverse mortgage allows you to supplement that diminished income without digging into savings. You don’t have to make monthly payments, either, which could help free up room in your monthly ...

A reverse mortgage is a home loan available to homeowners 62 and older that relies on your home equity. You or your heirs will repay the reverse mortgage with a future home sale. Using your home ...

A reverse mortgage loan — particularly a Home Equity Conversion Mortgage (HECM) — is often discussed as a method for seniors to tap into the equity they have built up in their homes to provide ...

Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org. Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book.

WDBJ7 TV’s Hollani Davis sat down to talk with Mary Clark who said the thought of losing or selling her home she’s lived in for 44 years was scarier than applying for a reverse mortgage. Clark ...

A reverse mortgage is a unique type of loan that allows older homeowners to borrow money against the equity in their house (or condo) that doesn’t have to be repaid until the homeowner dies ...

Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org. Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book.