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There are fees and costs associated with taking out any mortgage, and reverse mortgages are no exception. Here is a detailed list of the fees you can expect to pay when you take a Home Equity Conversion Mortgage (HECM).
Learn how to calculate your home equity and how understanding it can help you leverage it to your advantage.
A reverse mortgage line of credit has some unique features that can make it both a useful tool in the present and security for the future.
When inflation is high, a reverse mortgage offers some unique ways of fighting the pinch of rising prices.
In any financial transaction there are tradeoffs. Here's a rundown of what you give up and what you gain when you take a reverse mortgage.
After the last borrower on a reverse mortgage passes away, the loan needs to be settled. Usually, that responsibility falls to the heirs. Here's what they can expect.
Sharing information about what's in your estate plan with your adult children is a simple way to help them navigate your estate when the time comes.
FHA-approved condos are eligible for home equity conversion mortgages. Here's how you can find out if yours is eligible, and what to do if it isn't.
With certain conversations it can be difficult to know where to start. Learn how to initiate essential conversations with your parent, when to talk and when to listen.
When a reverse mortgage borrower passes away, the loan will become due and payable. Here's what heirs and borrowers should know about what happens next.
Learning about the different types of trusts can help inform which makes the most sense for your estate and needs.
Credit ratings and mortgages go hand in hand, but as with most things reverse, when you are taking out a HECM credit works a little differently.
Divorce can impact a reverse mortgage in a variety of ways. This overview offers options for a variety of situations.
You may have said goodbye to your school days many years ago, but there are compelling reasons to revisit your education in retirement. Here's a few places to start.
Understanding the eligibility requirements of a reverse mortgage can be helpful in deciding if these financial vehicles are right for you.
Estate plans are essential to retirement planning, but that doesn't mean they need to be intimidating or complicated. Here's what they are and how to make one.
If you're struggling to find happiness in retirement, these tips and strategies can help get you on a better track.
Interest rates accrue and get paid differently on a reverse mortgage than on other loans, here's what potential borrowers need to know.
Writing a family history and committing treasured stories to paper makes a meaningful heirloom to pass on to future generations. Here's where to start.
Whether hiking is a new hobby, or a lifelong passion, these six tips will help keep safe and healthy on the trail.
Less common than they once were, pensions are savings vehicles for retirement. Here's who gets one and how they work.
Chances are if there's something in your life you'd like to make easier, there's a device or gadget to help you.
Deciding which type of loan is best suited to your needs can be tricky. Here's a rundown of the differences between a cash-out refinance vs. a reverse mortgage.
Reverse mortgages aren't just for homes you already own. You can use one to purchase a new home as well.
Home equity is a valuable tool that can help you finance your retirement. Learn how you can maximize the benefits of your largest asset.
