Reverse Mortgages | Key Takeaways

Seniors can make an informed decision about reverse mortgages by carefully considering the keypoints and seeking professional advice.   ‚óŹ Accessing Home Equity Reverse mortgages are a way for homeowners over 62 to convertsome of their equity into cash that is...

Legal & Ethical Considerations of a Reverse Mortgage

Reverse mortgages have education and counseling requirements to protect seniors’ interests andhelp them make an informed decision about the financial product. In the United States, reversemortgage borrowers are required to attend mandatory counseling sessions...

Living With a Reverse Mortgage

The ability to remain in your own home is a major advantage of reverse mortgages. A reversemortgage is different from traditional mortgages that require monthly payments. It allows you to stayin your home as long as you want. The reverse mortgage allows you to keep...

Applying For a Reverse Mortgage

There are several steps in the reverse mortgage application process to make sure that borrowersfully understand all of the terms and conditions before they proceed. This is a guide that will walkyou through the reverse mortgage application process in the United...

Eligibility & Requirements

Reverse mortgages are designed specifically for older homeowners, so age requirementsare an important aspect. In the United States and most other countries, 62 is the typicalminimum age to qualify for a reverse loan. The age requirement is based upon theassumption...