I overheard a friend talk about how happy she was getting approved for a reverse mortgage and was intrigued,” Marie tells ...

For senior homeowners, one viable option is a reverse mortgage, which is a unique type of mortgage that allows individuals aged 62 or older to convert a portion of their home equity into cash.

Take pictures of the damage ... they may issue a claim check to both the reverse mortgage borrower and the servicer. “You will likely need to endorse the check and send it to your mortgage ...

Many people aged 62 or older are “house-rich and cash-poor.” They’re free of house debt but their income is limited. A reverse mortgage may allow some to take advantage of their house as an ...

In chapter 10 of "Inheriting Your Spouse's IRA," author Bill Harris outlines the strategic uses of a reverse mortgage. Reverse mortgages are a type of home loan available to homeowners age 62 and ...

Pockets of the country, particularly urban, African American neighborhoods were hit hard by reverse mortgage foreclosures. Many were targeted by reverse mortgage brokers after the recession when ...