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

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while reverse mortgages can provide relief to the right retirees, ...

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

Reverse mortgages can be a versatile tool in many retirees’ arsenal, helping to bridge the gap when Social Security and savings aren’t quite enough on their own. A chief benefit of reverse mortgages ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Reverse mortgages are generally easier for older homeowners to qualify ...

Question: “I have been toying with the idea of using some of my 401(k) money to secure my mom’s house. My mom took out a reverse mortgage but exhausted her access once it reached $560,000. The home ...

Embarking on an early inheritance strategy can work to tackle the generational imbalances caused by high home prices.

I received a solicitation for an HECM loan saying I had “Estimated Funds Available” of $54,059. HECM stands for “home equity conversion mortgage” and is the FHA’s reverse mortgage program that enables ...

When larger banks stepped out of the reverse mortgage market in the 2010s, Finance of America gobbled up much of the demand and became the second-largest reverse mortgage provider after Mutual of ...

The largest reverse mortgage lender in the country, Mutual of Omaha accounted for over 22% of the market in 2024. It offers both FHA-backed Home Equity Conversion Mortgages (HECMs) and a proprietary ...

The new lender typically pays your switching costs and/or provides cash back of up to a half per cent of the mortgage amount ...

Longbridge Financial lowered its proprietary reverse mortgage rate to 7.99% and increased the principal limit factor, allowing borrowers to access up to 25% more in proceeds compared to a HECM. AI ...