Reverse mortgages are a way for homeowners 62 years and older to draw an income (either in installments, a lump sum, or a ...

Many people realize they haven't saved enough for retirement and see a reverse mortgage as a possible fix. But, is it? 7 On Your Side's Michael Finney partnered up with consumer reports with this ...

Although some seniors can benefit from a reverse mortgage, there are pitfalls to know about. There are numerous fees associated with a reverse mortgage. Speak to a financial advisor before committing ...

While inflation is down from a year ago, it has recently started to creep back upward again. When you throw in high interest rates and declining wage growth, many Americans are feeling the financial ...

Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...

For many retirees, rising living costs and limited income can make financial stability feel out of reach. A reverse mortgage, also known as a home equity conversion mortgage (HECM), may offer a ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, ...

Proprietary reverse mortgages are gaining traction and represented 40% of the market in September, just before HECM endorsements were paused.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It’s an unfortunate thing that many seniors reach ...