Borrowers must pay up-front and annual mortgage insurance premiums on HECM reverse mortgages, but the insurance provides ...

Reverse mortgages are loans and annuities are insurance, but both generate a steady stream of income for retirement. Your ...

HousingWire’s RMD spoke with two real estate agents about the HECM for Purchase program as a viable source of business.

For senior homeowners, one viable option is a reverse mortgage ... You can use the money to pay off your mortgage—a loan requirement—or for in-home care, home improvements or to help make ...

Your parents, the people who always seemed invincible, confess they're struggling to keep a roof over their heads. The house you grew up in might slip through their fingers, and now they’re ...

Home equity is often an older homeowner’s most substantial asset, and they can access it through a reverse mortgage to use for just about any personal expense. Forbes Advisor compiled a list of ...

[The seller will] still get the proceeds and they can go on and purchase the next home," Albohn ... You could use savings or sell assets to pay off your reverse mortgage. This allows you to ...

A reverse mortgage allows older homeowners to borrow against the equity they've accrued in their home. But unlike the monthly payments required by a home equity loan or HELOC, the debt from a ...

If you qualify, you can borrow against that equity to access cash. Three common avenues for doing so are reverse mortgages, home equity loans and cash-out refinancing. A reverse mortgage is a loan ...

Reverse mortgages allow older homeowners to convert ... toward the down payment on a new home purchase and then use a home purchase HECM to pay the rest. Once again, neither spouse has a debt ...

You'll need to be 62 or older to qualify for a reverse mortgage (with some rare exceptions) but, if you meet the age requirements, this could be the preferable way to borrow home equity ...

Fairway is eyeing an expansion of its H4P business by bringing new professionals and referral sources into the fold this year ...