When larger banks stepped out of the reverse mortgage market in the 2010s, Finance of America gobbled up much of the demand and became the second-largest reverse mortgage provider after Mutual of ...

If you're holding on to your home but have bigger dreams, it's okay to sell and move on. Taking out a home equity loan (HELOC) is a lower-cost option you might also consider. If there's extra space in ...

I’m sure you’ve had plenty of clients tell you they want to pay off their mortgage. After all, being debt-free is a worthy goal, and it brings peace of mind, especially in times of economic chaos. But ...

I received a solicitation for an HECM loan saying I had “Estimated Funds Available” of $54,059. HECM stands for “home equity conversion mortgage” and is the FHA’s reverse mortgage program that enables ...

"I think a real good rule of thumb is don't touch the equity in your home unless you need it. And if you are 62+ and you are limited on income, we need to create income to offset Social Security.

Watermark Reverse Mortgage is a licensed lender specializing in reverse mortgage solutions for homeowners aged 55 and older. It offers loan products insured by the Federal Housing Administration (FHA) ...

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

TOPEKA, Kan. (WIBW) - You see advertising for reverse mortgages everywhere, but are they worth considering? Carl Carlson, founder and CEO of Carlson Financial, visited Eye on NE Kansas to clear up ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. A reverse mortgage is withdrawn from what is likely your most important ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The reverse mortgage landscape has evolved considerably in recent years, ...

I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I’ve got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...