Dear Savvy Senior: What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living ...

A reverse mortgage can be a lifeline for cash-strapped homeowners. But, borrowers should consider the risks, including high fees and the potential for foreclosure.

As home prices stay elevated in most markets across the nation, and as more older Americans look for ways to unlock the equity in their homes, reverse mortgages are gaining attention. These loans, ...

While reverse mortgages can help older Americans convert home equity into cash without monthly mortgage payments, vacating ...

Seniors approaching retirement (ideally) have a few sources of income to draw on, including Social Security and distributions from their investment accounts. But what if that’s not enough? Some older ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It’s an unfortunate thing that many seniors reach ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One of the most misunderstood is the 60% reverse mortgage rule. This ...

RMD and Allen spoke on the sidelines of the recent National Reverse Mortgage Lenders Association (NRMLA) Western Regional Meeting in Irvine, California. He explained what has been done so far, what he ...

Proprietary reverse mortgages are gaining traction and represented 40% of the market in September, just before HECM endorsements were paused.