Samantha is retired at 69, but a few years back she took out a reverse mortgage. Now, she’d like to be done with it, especially since the loan comes with a hefty interest rate of 6.75%. She currently ...

Reverse mortgage borrowers can receive funds in one of three ways — a lump sum, monthly payments or a line of credit — or a combination thereof. The amount a homeowner can borrow depends on their home ...

A reverse mortgage lets you stay in your home and avoid the costs and disruption of moving, but the repayments over time can ...

Bill Packer, COO at Longbridge Financial, talks about the ways his company is using AI to serve reverse mortgage borrowers.

With increasing age, income sources often decrease, while other health-related problems increase. In such a situation, ...

A reverse mortgage is a financial product designed specifically for senior citizens, allowing them to convert part of their ...

Many advisors are building relationships with mortgage brokers, recognizing that a well-structured financial plan has to ...

HomeEquity Bank has launched a new platform to help parents unlock their home equity to support their children’s first home ...

A Calistoga city councilmember is being sued for elder abuse, accused of coercing an 81-year-old woman into a reverse mortgage for his financial gain.

A Calistoga city councilmember is being sued for allegedly "cajoling" an 84-year-old woman in cognitive decline to take on a loan that he and his business benefited from financially, according to a ...

With Hawaiʻi’s high cost of living and competitive real estate market, many local homeowners, especially kūpuna are exploring reverse mortgages as a way to tap into their home equity while staying ...

This is a contribution from Reverse Engineering Finance. The second half of the year typically sees significant jumps in FHA ...