In a podcast from international law firm Troutman Pepper Locke LLP, a trio of attorneys dive into some of the legal issues and litigation that surround the reverse mortgage industry April 17, 2025 ...

In response, HousingWire’s Reverse Mortgage Daily (RMD) sought input from industry participants and a subject matter expert at a consumer advocacy law firm to determine what the impact might be ...

If you inherit a home with a mortgage, then you also inherit that mortgage. You likely have options — for example, taking ...

HELOC vs. reverse mortgage: What seniors should consider now. Eligible senior homeowners who are considering borrowing against their home's values can look into a home equity line of credit or a ...

The primary requirements for a reverse mortgage include: Being at least 62 years old; Owning your home outright or having a low mortgage balance that can be paid off with the reverse mortgage proceeds ...

Like a reverse mortgage, a HELOC lets you access cash by borrowing against the equity in your home. It's a revolving line of credit, so you can borrow only what you need during the draw period ...

The Moneyist I’m 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead? ‘I could live on my Social Security alone, as I wouldn’t ...

Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors ...

A reverse mortgage could help fill a gap in your savings plan. Say you have a $1,827 monthly mortgage payment, which is the national average as of September 2024, according to Zillow.

Most reverse mortgage loans are government-backed Home Equity Conversion Mortgages (HECMs) that come with certain requirements from the Federal Housing Administration (FHA).