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 heirs will typically have 30 days to buy, sell or turn the ... You would have to use the proceeds from the home sale to repay the reverse mortgage. Payment is due when the house is sold ...

Reverse mortgages let homeowners access their equity without having to make payments to a mortgage lender as long as they live in the home and use it as a primary residence. If you take out a reverse ...

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

For example, if your home is worth $500,000 and you have a $200,000 mortgage, you have $300,000 in equity. If you qualify, ...

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

Fairway Reverse Mortgage’s product line includes Home Equity Conversion Mortgages (HECMs), HECMs for Purchase and proprietary ... on Fairway’s website or use the map search tool to find ...

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 ...

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 ...