A single-purpose reverse mortgage can offer retirees affordable access to equity, but there are strings attached.

Reverse mortgages allow homeowners 62 and older to convert home equity into cash. The loan is repaid when the homeowner moves out or passes away. Interest accumulates, reducing home equity over time.

Buying a home in retirement can be challenging, but one underused loan option could make it easier for retirees.

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 ...

Many Americans have used the reverse mortgage as a way to make retirement living more affordable. With the cost of healthcare and other living expenses dramatically rising in recent years, it’s no ...

Almost all Home Equity Conversion Mortgages (HECMs) originated today utilize the adjustable-rate mortgage (ARM) option. In stark contrast to traditional mortgage lending, the reverse mortgage business ...

Fed rate cuts may be reshaping borrowing costs, but reverse mortgages follow different rules than other loans.

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 ...

Bob Powell: Is it possible to make monthly mortgage payments when you have a reverse mortgage? Here to talk with me about that is Don Graves, founder of the Housing Wealth Institute, adjunct ...

How does a reverse mortgage work in Canada? An elderly couple happily engaged in a mortgage meeting with a banking specialist. Did you know that over 25% of Canadians aged 55 and older are considering ...