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....
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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...
Important Tax News If Considering a Reverse Mortgage
Seniors planning their finances during retirement need to be aware of a change from the Social...