The industry’s current HECM market leader is rolling out a new proprietary reverse mortgage product line known as SecureEquity.
Reverse mortgages are a financial product for older homeowners that allows them to tap into the equity they’ve built up in ...
Financial planners frequently recommend reverse mortgages to help qualified older folks supplement their income in retirement ...
Adjustable rate mortgages can save you money upfront—find out how they work and what risks to consider before applying.
Here are three major home equity borrowing moves seniors in need of extra money should consider now: ...
Explore the tax benefits of reverse mortgages, including strategies for Roth conversions and delaying Social Security.
The simple act of withdrawing money during the downturn not only becomes a taxable event, but it's also going to be an ...
But unlike HECMs, which can fund any of your financial needs, single-purpose reverse mortgages can be used only for the purpose specified by the lender. For example, some lenders may only allow ...
That aside, reverse mortgages have inherent risks which every potential borrower must consider. For example, it's possible that after a homeowner's death, the remaining spouse or children might ...
Mortgage servicers often allow a 15-day grace period during which you can make a late payment without consequences. Paying your mortgage bill after the grace period can result in late fees. Paying ...
Finally, before you resign yourself to a reverse mortgage, think about some other ways you might be able to tap your home for income. You could, for example, rent out a portion of your home for ...
There are many possible scenarios since purchase-money mortgages are negotiated directly between sellers and buyers rather than through a financial institution. Here is a typical example ...