Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly payments.

The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business.

CMG Home Loans, the retail lending division of CMG Financial, has its eyes on growing its dedicated reverse mortgage segment. In addition to recently making a key operations hire in an effort to ...

A forward mortgage is a mortgage loan used to purchase a home that typically involves a fixed interest rate and monthly payments. Conversely, a reverse mortgage allows homeowners 62 and older to ...

Have you ever wondered why it’s called a reverse mortgage? The term aptly describes the reversal of the traditional mortgage process. Rather than paying the lender, you receive payments, transforming ...

Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors — can ...

A reverse mortgage must be paid back when the borrower dies, moves out of the home or stops fulfilling the terms of the agreement, such as paying property taxes. You might choose to get out of a ...

Editor’s note: This is part seven of an ongoing series throughout this year focused on helping older adults navigate the financial difficulties of gray divorce. See below for links to the other ...

Dear Liz: Please write about the issues people can face when they have a reverse mortgage and need to move out to get long-term care. My mother, who is now 94 and lives on a small teacher’s pension, ...

In connection with the transaction, Finance of America will also acquire PHH’s pipeline of reverse mortgage loans, bring select members of PHH’s experienced origination team into its platform and ...

I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I've got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...