In a surprise move, the government is changing the reverse mortgage rules again. And the changes, which affect the cost of insurance and borrowing limits, are a mixed bag for borrowers.

A reverse mortgage does in fact have first-priority lien status in a foreclosure in Pennsylvania, according to a reversal in ...

Fact checked by Melody Kazel Reviewed by Doretha Clemon Retirement comes with many financial considerations. If you begin to experience health concerns, long-term care may be necessary down the road.

"It would be like being evicted from my own home," says Lynn. What Heirs Need to Know About Reverse Mortgages New rules on reverse loans made after August 4 protect younger spouses. That's good ...

For senior homeowners, one viable option is a reverse mortgage, which is a unique type of mortgage that allows individuals aged 62 or older to convert a portion of their home equity into cash.

chabybucko / Getty Images A reverse mortgage could provide much-needed cash to cover costs such as basic living expenses, medical care, and home repairs. Still, numerous fees can make reverse ...

There are a number of consequences of this rule. One is that you can’t have more than one reverse mortgage at once. Another is that you can’t leave your property and rent it out. Equally ...

As of 2021, 23% of Americans could be considered part of the “sandwich generation” — those supporting both parents above the ...

A HELOC will generally be better for more homeowners in 2025 for a simple reason: it doesn't come with the same age restrictions that a reverse mortgage does. But that's not the only reason why it ...

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

With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...