Tips and information for living better in retirement.
Will a Reverse Mortgage Affect My Social Security
A reverse mortgage will not affect your social security, but it can have an impact on other government need based programs.
Understanding Mortgage Insurance Premiums
If your mortgage requires you to have mortgage insurance, you'll pay mortgage insurance premiums or MIPS. Here's what you will want to know about how they work.
Traditional vs. a Reverse Mortgage: A Comparison
A traditional mortgage and a reverse mortgage have some similarities, but function quite differently. Here is an explanation of how each works and what that means for potential borrowers.
Home Equity Loan vs. a Reverse Mortgage
Both home equity loans and reverse mortgages allow homeowners to borrow against the equity they've built up in their homes. However, there are some important differences between the two loan types.
Can I Get a Reverse Mortgage on a Mobile Home?
A mobile home is a specific type of dwelling that is not eligible for a reverse mortgage. A manufactured home, however, can be eligible. Here's how you can tell the difference.
A Non-Borrowing Spouse Guide to Reverse Mortgage
Spouses not eligible for a reverse mortgage can be afforded rights and protections should something happen to the spouse listed as a borrower on the loan.
Can Family Members Get a Reverse Mortgage Together?
Sharing a reverse mortgage with another person can be a good way to ensure all parties have the right to stay in the home should something happen to one of them.
What Fees Do You Pay With a Reverse Mortgage?
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).
How Much Equity Is in My House?
Learn how to calculate your home equity and how understanding it can help you leverage it to your advantage.
How Does a Reverse Mortgage Line of Credit Work?
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.