What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

As we grow older, our financial needs change. Perhaps you need a different strategy to cover your regular living expenses, or ...

Both products are worth exploring for seniors this year. Here's how to determine which could be best for you now.

Timing is everything, and when it comes to making financial decisions, it can be the difference between success and failure. For many seniors and older homeowners, many of whom are tied to limited ...

Dear Savvy Senior: What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living ...

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 ...

While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate for the past several years, their international equivalents don’t always have the same ...

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and ...

If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your ...

For many retirees, the house that once soaked up every spare dollar has quietly become their biggest source of wealth.