Reverse Mortgage Advice & Articles

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  • Featured
    Reverse Mortgages for Dummies
    Very few people who sign up for reverse mortgages are dummies. They're mature homeowners, generally with a lifetime of experience and achievements behind them. However, reverse mortgages are a fairly...Read More
  • Featured
    How Does a Reverse Mortgage Work?
    A reverse mortgage works like a home equity loan, except the homeowner doesn’t have to repay the loan in monthly installments. It allows homeowners to continue living in their home while taking the...Read More
  • Featured
    Home Equity Conversion Mortgage (HECM): HUD Reverse Mortgage Programs
    The Home Equity Conversion Mortgage (HECM) remains the most-popular reverse mortgage program in the U.S. This is probably because of its advantage in offering lower interest rates to borrowers over proprietary...Read More
  • Featured
    Can a Reverse Mortgage Be Foreclosed On?
    Reverse mortgages allow senior citizens to convert home equity into cash, either as a lump sum or through monthly payments. The U.S. Department of Housing and Urban Development reports that some 46,000...Read More
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    How to Get a Reverse Mortgage for a Mobile Home
    As Americans age, they often downsize to an affordable life as seniors. For seniors living at home, the economics can seem challenging, especially if they find themselves "house rich" and "cash...Read More
  • Featured
    What Is a Reverse Mortgage?
    Reserve mortgages, which can also be called a home equity conversion mortgage (HECM), work the exact opposite of a traditional home loan. Instead of initiating a loan for a home purchase, those who choose...Read More
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    Reverse Mortgage Pitfalls
    Many people' knowledge of reverse mortgages is a bit fuzzy, and where there is fuzz, there's often fear. In this case, there should be some fear, or at least some caution. Reverse mortgage...Read More
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    How to Get Out of a Reverse Mortgage (Without Actually Dying)
    Because reverse mortgages are seen as a strategy for being able to afford to stay in your home through retirement, they are often viewed as something of a one-way deal. However, that should not imply that...Read More
  • Featured
    How to Shop for a Jumbo Reverse Mortgage
    Also known as private reverse mortgages or proprietary reverse mortgages, a jumbo reverse mortgage loan is a loan that exceeds the maximum allowed by the U.S. Department of Housing & Urban Development's...Read More