We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. This timing couldn't be better, either, as this year has ushered in ...

WASHINGTON (AP) — The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with ...

Golden Gateway Financial recently announced a new and updated version of its online reverse mortgage calculator to reflect the new FHA reverse mortgage limits. Along with new calculator, the Oakland, ...

These government-insured loans are the most common type of reverse mortgage Fact checked by Timothy Li Reviewed by Doretha Clemon The Federal Housing Administration (FHA) is the federal agency that ...

FHA Mortgage Calculator Definitions Loan amount: The amount of money a borrower receives from a mortgage lender to cover the purchase of a home, excluding any fees the lender charges. Most lenders do ...

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

Q. We are senior citizens who own a condominium with no mortgage. We want to stay in our condominium, however, our savings are dwindling, and our fixed income is not keeping up with our expenses. One ...

The Federal Housing Administration (FHA) on Thursday published a new draft version of a Mortgagee Letter (ML) containing a second series of proposed changes to the Home Equity Conversion Mortgage ...

“When a woman says, ‘What?’ it’s not because she didn’t hear you. It’s because she’s giving you a chance to change what you said.” Things are always a changin’. Now the press is filled with another ...

I received a note recently from someone who was outraged at what he considered to be the shark-like and perhaps illegal fees connected with reverse mortgages. The man's elderly friend had obtained a ...