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 ...

Over the last decade, reverse mortgages have been marketed as an easy way for seniors to cash in their home equity to pay for living expenses. However, many have learned that improper use of the ...

A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. This is ...

This week, a Huffington Post column explored the pros and cons of taking out a reverse mortgage, ultimately urging readers to do their homework before making any kind of decision. The column, ...

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 ...

As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both ...

With a volatile stock market draining retirement savings from the bank accounts of seniors throughout the U.S., Larry Reiminger believes hope for some Southeast Missouri retirees lies in the reverse ...

For older homeowners who need cash, a reverse mortgage may be an option. But if your home value is higher than federal reverse mortgage limits allow, you might consider a jumbo reverse mortgage. Jumbo ...

One of the biggest challenges facing retirees is how to bridge the gap between ever-rising expenses and virtually stagnant Social Security checks and other sources of income. While we are all finding ...

For seniors who own their own home — fully paid off or with a small remaining mortgage — but need more income, a reverse mortgage can be the perfect solution. Or it can be a costly mistake. And you ...