Tips and information for living better in retirement.
How a HECM Works
A home equity conversion mortgage (HECM), can be a powerful financial tool. Here's an overview of how a HECM works.
HECM Vs. HELOC
Even though they are both acronyms that start with the letters HE, a HECM and a HELOC are quite different. Here's an explanation of each and how they work.
Are Heirs Responsible for Reverse Mortgage Debt?
Your heirs are not responsible for reverse mortgage debt after your passing. Read on to learn more about their options.
Reverse Mortgage Changes Offer Protection for Spouses
Updated guidelines offer reverse mortgage protection for spouses. Find out what the rules say about non-borrowing spouses.
What Is a Home Equity Conversion Mortgage (HECM)?
A home equity conversion mortgage is a reverse mortgage insured by the FHA. Here’s a guide to how they work and who might qualify.
The Pros and Cons of a Reverse Mortgage
It's important to understand the pros and cons of a reverse mortgage. Here's how to determine if this is the right option for you.
Can I Keep My House with a Reverse Mortgage?
You can keep your house with a reverse mortgage but there is more to know. Learn how this financing option works.
What Is a LESA?
Life Expectancy Set Aside (LESA) funds are proceeds earmarked through the reverse mortgage process to pay property taxes and other expenses.
Can a Reverse Mortgage Result in Foreclosure?
Can a reverse mortgage result in home foreclosure? Learn about the instances when reverse mortgage foreclosures occur and how to avoid them.
How Does a Reverse Mortgage Work?
A reverse mortgage allows a qualified borrower to access their home equity. How does a reverse mortgage work? Here's what you need to know.