With a reverse mortgage, the bank gives you a lump sum of money you can use for meeting your needs. The loan is paid back ...

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Retirees often ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

Reverse mortgage professionals encounter a variety of challenges when introducing product specifications to a prospective customer for the first time. These elements may include an explanation of how ...

Fed rate cuts may be reshaping borrowing costs, but reverse mortgages follow different rules than other loans.

Older adults face distinct financial challenges as they approach their retirement years, especially if their income declines. Fortunately, if they've gained equity in their homes, they can take out a ...

For many seniors, one of the biggest concerns when approaching retirement is what to do with their home. Two of the most common options are taking out a reverse mortgage or selling their home outright ...

Longbridge's HELOC for Seniors incorporates elements of both a traditional line of credit and a reverse mortgage. Borrowers ...

Watermark Reverse Mortgage is a licensed mortgage corporation established in 2006 and based in Irvine, California. The company is licensed in most states and provides reverse mort ...

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 ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...