For many retirees, rising living costs and limited income can make financial stability feel out of reach. A reverse mortgage, also known as a home equity conversion mortgage (HECM), may offer a ...

The pitch: Make your savings last as long as you do. How they work: In exchange for a lump sum, an insurance company agrees to give you a monthly check for the rest of your life or for a specified ...

These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

For a long time, data has suggested that older Americans are the largest cohort of homeowners — and increasingly, new homebuyers — in the U.S. But the mortgage industry has had issues adequately ...

After last week’s National Reverse Mortgage Lenders Association (NRMLA) Western Regional Meeting in Irvine, California, attendees were generally in high spirits from spending time with their industry ...