Discover why reverse mortgages are surging in popularity again and what changing trends mean for homeowners.
Reverse mortgage lenders highlight ongoing misconceptions about homeownership, inheritance and consumer protections.
Mutual of Omaha sponsors NAMB’s reverse mortgage certification, enhancing curriculum and resources for broker partners.
News last week that inflation rose in June, following a previous increase in May, was likely not the development millions of Americans were hoping for. In recent years, inflation has spiked the cost ...
A reverse mortgage isn't available for every homeowner. Typically, you'll need to be age 62 or older to qualify, leaving this option available mostly for senior homeowners. But if you meet the age ...
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 ...
Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly payments.
Learning how mortgages work can be confusing. We put together a brief guide focusing on where to find current rates and types of mortgages available.
Answer: What a nightmare. If it helps, take comfort in knowing that you won’t be on the hook if the house doesn’t sell for enough to pay off the loan. That’s part of the deal with a reverse mortgage.
I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I've got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...