The Top 5 Reasons to Get a Reverse Mortgage
A reverse mortgage - or Home Equity Conversion Mortgage (HECM) - is a type of loan that allows...
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Reverse Mortgages: Eligible vs. Ineligible Non-Borrowing Spouses
It’s possible to get approved for a reverse mortgage if your spouse is younger than 55 years old....
Reverse Mortgages and the Line of Credit Option
Reverse mortgages offer several options for access to the funds from the loan, such as: lump sum,...
How Quickly Must a Reverse Mortgage Be Paid After Death?
A reverse mortgage most commonly becomes due and payable when the last remaining borrowing spouse...
The Intangible Benefits of a Reverse Mortgage
Larry spent his working career in the film industry. Once he retired, he wanted a way to supplement...
The Expense of a Reverse Mortgage
A reverse mortgage is a loan that leverages the equity in a home to generate cash (immediate, over...
Learning More About Eligible Non-Borrowing Spouse Qualifications for a Reverse Mortgage
You may have read that in order to qualify for a reverse mortgage, you need to be 62 years old....
Complaints About Reverse Mortgages to the Consumer Financial Protection Bureau Under 1% for 2021
The Consumer Financial Protection Bureau (CFPB) recently released an annual report, and reverse...
Refinancing a Reverse Mortgage
Refinancing a traditional ‘forward’ mortgage is a fairly common practice. For seniors who have a...
Should My Parents Take Out a Reverse Mortgage?
Middle aged adults may be reaching a point in their life where they have children preparing to...