There is a lot of confusion surrounding reverse mortgages. Here are some facts and statistics to help you separate truth from fiction.
Reverse mortgages give borrowers a variety of proceed options to choose from. Here is a rundown of the possibilities and how each works.
A retirement mortgage is any mortgage taken in retirement. Here is a rundown of the various types of retirement mortgages available.
Non-recourse status is an important benefit of a home equity conversion mortgage. Here's how it works and what it offers consumers.
a retirement mortgage is any mortgage taken in retirement. Because reverse mortgages are only available to people 62 and older, they are often referred to as retirement mortgages.
A reverse mortgage principal limit is the maximum amount of money that can be borrowed with a reverse mortgage. Here's how the limits are determined.
Foreclosure in a reverse mortgage is rare, but can happen. Here are the steps that lead to foreclosure in a reverse mortgage as mandated by HUD.
Overseen by the US Department of Housing and Urban Development (HUD), HECMs are subject to multiple safeguards and protections.
Because you can use reverse mortgage proceeds any way you like, they can be useful for a variety of retirement planning strategies. Here are 6 smart ways to use your proceeds.
The truth about reverse mortgages is that they offer many borrowers a secure way of staying in their homes as they age and filling gaps in their retirement plan.