Reverse Mortgages

Read and compare the Best Reverse Mortgage lenders. We review and rank the Top Reverse Mortgage lenders. 

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Best Jumbo Reverse Mortgages
In order to find the best jumbo reverse mortgages, we looked at interest rates, lender's reputation, and loan conditions.
Eight Common Questions About Reverse Mortgages Answered
1. What Are the Requirements of a Reverse Mortgage? In order to qualify for a reverse mortgage, the Federal Housing Administration has mandated several requirements. First and foremost, any potential borrower must 62 or older. Furthermore, an applicant must must own...
How to Qualify for a Reverse Mortgage
How Does a Reverse Mortgage Differ From a Home Equity Loan? Home equity loans are loans which utilize the equity in a home as a form of collateral. They are essentially second mortgages that must be paid back alongside the first...
Reverse Mortgage: Savior or Scam?
Half the households in America don't have any retirement savings. When the time comes to leave the workforce, they're then faced with difficult choices, and depend solely on pensions that are often woefully inadequate. Despite having good credit, senior homeowners frequently...
An Intro to Jumbo Reverse Mortgages
What Is a Jumbo Reverse Mortgage? Jumbo reverse mortgages are loans that exceed the maximum amount allowed under the Home Equity Conversion Mortgage (HECM) program offered by the U.S. Department of Housing & Urban Development's (HUD). They’re also known as private...
Reverse Mortgages for Dummies
A reverse mortgage is a type of mortgage in which a homeowner borrows money against the value of their house, either in the form of a monthly payment or a line of credit. The borrower isn’t required to pay back the...
Reverse Mortgages: Too Good To Be True?
Hi, my name is Colin and I’ve been researching Reverse Mortgages on behalf of ConsumersAdvocate.org for well over a year now. If you’re 62 or older and you own your house, read on because what I’ve learned may surprise you. When...
Why Foreclosed Isn’t a Bad Word in a Reverse Mortgage
  Seniors are often wary of reverse mortgages because they seem too good to be true: “So I get monthly payments on the equity in my house indefinitely and never have to pay the loan back? Yeah right!” Turns out it...
Using A Reverse Mortgage to Buy A New Home
  A Seldom-Used Option   In 1982 Alice and Teddy Washington bought their dream house in the Royal Oak suburb of Detroit. The cozy two story, three-bedroom brick structure was the perfect place to raise their two children Maise and William. Within...
The End of a Reverse Mortgage
  A reverse mortgage, or home equity conversion mortgage (HECM), is a special kind of loan that allows homeowners 62+ to access the equity in their home and stop paying their monthly mortgage payments (if they haven’t already). The loan becomes...
What’s All This Noise About Reverse Mortgages?
An increasing number of Americans, particularly those in the Baby Boom generation, are retiring without sufficient funds to live on. This is why reverse mortgages have gained in popularity in recent years. Reverse mortgages have become a hot topic, but they...
Why I Got a Reverse Mortgage
Reverse Mortgages...My Story I met Ken in the summer of 1965. It was July 10 at 1:15 pm at the Primos-Secane Swim Club in Clifton Heights Pennsylvania. I was 13 and he was 15.  I immediately found him to be irritating....