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

Learn more about the pros and cons of reverse mortgages, including the typical criteria to get one. A reverse mortgage lets you convert some of your home equity into cash, but they are designed ... read more

Terry Savage: The pros and cons of reverse mortgages

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. 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

The best times to get a reverse mortgage

A reverse mortgage can help relieve financial pressure for seniors, but it's important to get the timing right. read more

What are the pros and cons of home equity loans? A homeowner’s guide

The benefits of a home equity loan include consistent monthly payments, lower interest rates, long repayment timelines and a possible tax deduction. The downsides of a home equity loan include a ... read more

NPR podcast takes a closer look at reverse mortgages

"The Indicator from Planet Money," a finance podcast from NPR, took a listener question to offer facts about reverse mortgages. read more

HELOC vs. Reverse Mortgage: What’s the Difference? (2024 Guide)

Home equity lines of credit (HELOCs) and reverse mortgages are both popular types of loans that allow you to access the equity you’ve built in your home without having to sell it. However ... read more

Reverse Mortgage: Types, Examples and Reviews

Reverse mortgages are supplemental retirement programs built around a loan. Only get a reverse mortgage if you absolutely have to. There are many ways to define mortgages but today we will discuss ... 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

What a tech entrepreneur has discovered about reverse mortgages

Frankowska explained that her journey into the reverse mortgage sphere was primarily ... possible in the retirement financing benefits and disadvantages of reverse, and what can be done to improve ... read more

What Is a Reverse Mortgage?

If you’re considering a reverse mortgage, here’s how they work, the types available, and their pros and cons. A reverse mortgage draws funds from your home equity and pays you in regular ... read more