Don Graves shares the history, challenges and modern improvements of reverse mortgages. Every Grammy album of the year winner since 1959: Full list ahead of 2025 awards The iconic car that came ...

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 ...

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.

The program itself started before 1961. The first U.S. reverse mortgage was issued in 1961 by the Deerfield Savings and Loan in Portland, Maine.

It’s an unfortunate thing that many seniors reach retirement age with very little savings. So if you get to that point and need money, you may be inclined to sign up for a reverse mortgage. In ...

Reverse mortgage complaints were on a steady downward trend from January 2016 (562) through January 2020 (247), before spiking to 425 by January 2022. But they are back on a downward trend.

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.

The Truth About the CFPB’s Mortgage Rules Policymakers need to stop pretending that ever-expanding mortgage leverage is the solution. March 17, 2025 2:01 pm ET Share Resize ...

You could borrow a $600,000 reverse mortgage and the lender would immediately pay off your $100,000 existing mortgage, leaving you $500,000 (less fees) to borrow.

Jake Safane has nearly 15 years of journalism and marketing experience on topics ranging from local entrepreneurship to international banking. He has written for publications such as The Economist ...