In March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates” and “note rates” and why most reverse mortgages depend on these two interest rates. In April, we ...

Last week I had a call about reverse mortgages. The Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov has some great information about this type of home loan. A Home Equity Conversion ...

The Mortgage Bankers Association (MBA) has sent a letter to the FHA/Ginnie Mae in response to a Request for Input (RFI) seeking comments on how to modernize and strengthen the Home Equity Conversion M ...

In turn, more retirees and near-retirees are asking the question of whether opening a reverse mortgage will be worth it in ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It’s an unfortunate thing that many seniors reach ...

With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates. It feels like everything costs ...

A reverse mortgage can be a way for homeowners age 62 or above to access much-needed funds. It allows you to borrow against your home's equity to provide extra cash in your retirement years, which you ...

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 ...

In the August rate update, I explained why over 99% of Home Equity Conversion Mortgages (HECMs) are variable interest rate loans and the advantages of this over the fixed-rate counterpart. Some of ...