Apr 9, 2025 · A reverse mortgage is a loan you take out on your home, similar to a second mortgage. Homeowners age 62 or older are eligible to borrow against their home's equity with …

Discover what a reverse mortgage is, when it makes sense, and when you should walk away. Also learn about alternatives like forward mortgages, how they work and which is best for you.

Feb 24, 2025 · A reverse mortgage is a loan that can be taken out against the value of a home. Applicants for reverse mortgages must be at least 62 years old and have considerable home …

Jul 29, 2024 · Discover the three different types of reverse mortgages available to qualifying homeowners age 62 and older.

Jan 9, 2025 · Reverse mortgages typically need to be paid off when the borrower dies, moves out for 12 months or more, or sells the home. Co-borrowers can remain in the home and continue …

Feb 3, 2025 · Reverse mortgages are a way for homeowners 62 years and older to draw an income (either in installments, a lump sum, or a credit line) against the equity they have built …

Mar 4, 2025 · A reverse mortgage allows older homeowners to convert their home equity value into cash. The home serves as collateral, and repayments are required only when the …

May 1, 2025 · Learn how to avoid outliving your reverse mortgage by choosing the right payment plan, managing proceeds wisely, and protecting your surviving spouse’s long-term security.

Oct 19, 2024 · In the most basic terms, a reverse mortgage allows you to take out a loan against the equity in your home, but you don’t have to repay the loan during your lifetime as long as …

Jun 15, 2025 · A home equity conversion mortgage (HECM) is the most common type of reverse mortgage. An HECM allows borrowers 62 and older to tap into their home equity without …