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The 6-month reverse mortgage rule: What it is and why it matters to borrowers

The 6-month reverse mortgage rule is an important one to understand, as it can make or break your estate plans. read more

Report suggests key HECM field office at HUD could be shut down

As the Trump administration continues to impose cuts to staff and offices across the federal government, the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program — ... read more

Equity Prime Mortgage fires back at HUD's FHA prohibitions

The federal regulator terminated the wholesale lender's FHA approvals in six jurisdictions because of certain elevated default and claim rate data. read more

12 Reverse Mortgage Pros and Cons To Help Retirees Avoid Financial Disaster

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 ... read more

The 60% reverse mortgage rule: What it is and how it impacts borrowers now

As with most Americans, older homeowners have been facing issues with rising living costs and mounting debt. As a result, tapping into home equity has become an increasingly popular financial strategy ... read more

How to Use Home Equity as Retirement Income

Home equity as retirement income refers to the practice of using the accumulated equity in a homeowner's property to supplement their income during retirement. Home equity is the difference between ... read more