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What Is a Reverse Mortgage? Types, How They Work, Pros & Cons

His work has been published by Bankrate ... Halfpoint Images / Getty Images A reverse mortgage allows older homeowners to tap their home equity for money to use for other purposes. read more

What is a reverse mortgage and how does it work?

they’ll need to repay the reverse mortgage. Meet the contributor: Mary Beth Eastman Mary Beth Eastman is a Credible authority on personal finance. Her work has been featured by The Balance ... read more

Reverse mortgage: What it is and how it works

Here’s more on how reverse mortgages work and how to decide if it’s right for you. A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home ... read more

Terry Savage: The pros and cons of reverse mortgages

When you sell your home or die, the amount you have withdrawn, plus interest and fees, is taken out of the proceeds, with the balance going back to you or your heirs. If no equity is left, neither you ... read more

Unlock Your Home Equity: Modern Reverse Mortgages for Retirement Planning

Not just for emergencies anymore, in this series our expert explores how reverse mortgages can boost your retirement income and financial security. read more

Rising Rates Hit Reverse-Mortgage Payouts

If a reverse mortgage can help your situation, it still makes sense for a lot of people,” says Simmons, a reverse-mortgage specialist at American Liberty Mortgage in Denver. “There are so many people ... read more

Reverse mortgage veteran offers advice for bringing new partners aboard

Ryan Schmidt sits down with RMD to talk about FAR's partner engagement program and his hopes for expanding the reverse mortgage business. read more

Reverse Mortgage Scams to Avoid

Reverse mortgages can be confusing. Con artists take advantage of that to fleece older homeowners out of their money. Here's how they work. It has never been easier to run a scam. Thanks to easy ... read more

A Reverse Mortgage On The Country

In 2010 we published a KnowRisk commentary with a greatly simplified description of the US budget called Federal Budget 101. The same issue has not only remained, but unfortunately grown in size. read more

Norcom Mortgage’s core reverse team elects not to join CMG Financial

John Luddy and core members of his Norcom reverse mortgage team will not move to CMG Financial with the recent acquisition, they said. read more

What is a reverse mortgage and how does it work?

If you're a homeowner looking for ways to augment your retirement income, here's what you need to know about how reverse mortgages work, when it makes sense and what are some alternative options. read more

Rising Rates Reduce Reverse Mortgage Payouts

The American Association of Retired Persons (AARP), a nonprofit, nonpartisan organization that advocates for Americans aged 50 and older, warns that rising interest rates will reduce reverse-mortgage ... read more