There are rules about how reverse mortgages can be promoted. Fact checked by Vikki Velasquez. Reviewed by Lea D. Uradu. Seniors and retirees who haven't worked for many years may ...

A reverse mortgage can be a helpful tool for older homeowners who are house rich and cash poor. But problems can arise if debt piles up, leaving too little equity for late-in-life expenses.

However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. A reverse mortgage is for homeowners age 62 or older who want to tap into their home equity.

NRMLA submitted a comment to the Washington state senate on a bill with reverse mortgage guidance for a foreclosure mediation ...

While the law varies among states ... using the government’s payment. In a reverse mortgage, the owner’s equity has been reduced by the amount borrowed plus interest and other repayment ...

Time seems to be running backwards at the Consumer Financial Protection Bureau (CFPB). The agency is going back in time, dismissing pending cases and even ...

The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property ...

Reverse Mortgage Daily (RMD) has a new home with HousingWire. Edited by Chris Clow and the HousingWire Newsroom, RMD provides dedicated reverse mortgage news, insights and commentary. HousingWire ...

That raises the risk that the lender may not be fully repaid, says Harry Margolis, a Boston elder law attorney who has set up intra-family reverse mortgages for clients. Before setting up any type ...

Javascript is required for you to be able to read premium content. Please enable it in your browser settings. What can you tell me about reverse mortgages? When my ...