Retirees have options, but which income tool should you choose? Here's what to know before locking in a strategy.

Both can help alleviate financial stress. Here's how to determine which makes sense for you, according to experts.

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

One loan sale is planned for Wednesday, while the other is tentatively happening in September. All-in-all, the two offerings ...

The most common type of reverse mortgage is the “Home Equity Conversion Mortgage” (HECM). The Federal Housing Administration (FHA) insures about 95% of all reverse mortgage loans.

Choosing the right lender to work with when applying for a reverse mortgage is a decision that can significantly impact one’s financial flexibility and, more importantly, provide a sense of ...

Not all reverse mortgages are scams, but some can be. To help you spot a scam and steer clear of reverse mortgage fraud, it’s helpful to understand how these loan products work and know what red ...

Consider all the costs. Processing a reverse mortgage usually involves fees such as an origination fee, closing costs, a mortgage insurance premium, a servicing fee and the interest rate.

Most, but not all, reverse mortgages today are federally insured through the Federal Housing Administration’s Home Equity Conversion Mortgage (HECM) Program and are available for homeowners ages ...