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Safely unlock your home's value with these standout lenders and useful tips to help you avoid costly mistakes.
To qualify for a reverse mortgage, you typically need to be at least 62 years old — and the older you are, the more you may ...
What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...
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 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 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. Are home equity ...
Finance of America Reverse originated more reverse mortgages in 2024 than any other lender, and by a significant margin. The lender offers FHA-backed home equity conversion mortgage (HECM) loans ...
Reverse mortgage expert George Vrban practices what he preaches, using a reverse mortgage as a strategic tool for long-term retirement planning—not out of financial need.
Over the past couple of months, proprietary reverse mortgage activity has been expanding. The HECM market leader has rolled out a new product, leading lenders in the space are singing the praises ...
I took out a reverse mortgage, and my current interest rate is 6.75%. I have about $325,000 equity in my home currently, with a reverse-mortgage payoff amount of around $200,000.