Tips and information for living better in retirement.
What Is a Retirement Mortgage?
A retirement mortgage is any mortgage taken in retirement. Here is a rundown of the various types of retirement mortgages available.
What Is “Non-Recourse” in a HECM?
Non-recourse status is an important benefit of a home equity conversion mortgage. Here's how it works and what it offers consumers.
Reverse Mortgages vs. Retirement Mortgages: What’s the Difference?
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.
What Is a Reverse Mortgage Principal Limit?
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.
HUD Reverse Mortgage Foreclosure Guidelines
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.
How Does HUD Regulate Reverse Mortgages?
Overseen by the US Department of Housing and Urban Development (HUD), HECMs are subject to multiple safeguards and protections.
6 Smart Ways to Use Reverse Mortgage Proceeds
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.
Can You Use a Reverse Mortgage to Build an ADU?
The idea of building an ADU on your property is gaining in popularity. Using a reverse mortgage to pay for the construction is possible. Here's what you should know.
Who Regulates Reverse Mortgages?
Reverse mortgages are regulated by several government agencies. Here is an explanation of which agencies are responsible and what they do.
Can You Walk Away From a Reverse Mortgage?
There are several ways to exit or walk away from a reverse mortgage before it comes to term. Contrary to a popular myth, none of them require that you pay a penalty.