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

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 ...

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 ...

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 ...

Since a reverse mortgage must be the first mortgage on the property, their existing mortgage balance of $200,000 would be paid off, eliminating their principal and interest payment of $2,500.

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 ...

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 ...

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 ...

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 ...

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.

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.

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 ...