Reverse mortgage expert says homeowners 62+ with substantial equity may still have options—even if behind on mortgage ...

They're helpful in some cases but also come with downsides Angie Mohr, CPA, CA, and CMA, has 18+ years of experience as a freelance finance writer. She is the author ...

Another way to avoid getting scammed is to understand the common types of reverse mortgage scams. If you recognize these archetypes, you’ll be able to more easily identify when someone is trying to ...

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database ...

Dear Liz: Please write about the issues people can face when they have a reverse mortgage and need to move out to get long-term care. My mother, who is now 94 and lives on a small teacher’s pension, ...

Government housing officials report that 46,000 reverse-mortgage borrowers under the government's insured loan program were delinquent on their loans as of July. This total is more than 50 percent ...

Hesitant to sign up for a reverse mortgage? CNBC Select outlines the alternatives, including refinancing and home equity ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

Many Americans are retiring with less cash than they would like. But in some instances, that can be offset by unexpectedly large — yet welcome — boosts in their home values. Financial planners ...

Reverse mortgages, which allow older adults to convert some of the equity in their homes into cash, have been a lifeline for many house-rich, cash-poor seniors struggling to get by. But now, with a ...

Reverse mortgage lenders are beginning to require senior borrowers to qualify for loans by proving that they have enough money to continue paying property taxes, home insurance premiums, and other ...