Reverse Mortgages

You have five options: Tenure – equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal...

The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home, whichever is less. Generally, the more valuable...

When you sell your home, you or your estate will repay the cash you received from the reverse mortgage plus interest and other fees, to the lender. The remainin...

No. You do not need to repay the loan as long as you or one of the borrowers continues to live in the house and keeps the taxes and insurance current. You can n...

With a traditional second mortgage, or a home equity line of credit, you must have sufficient income versus debt ratio to qualify for the loan, and you are requ...

To be eligible for a reverse mortgage, you must be a homeowner 62 years of age or older, own your home outright, or have a low mortgage balance that can be paid...

A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of h...