Prior to some new rules being implemented in 2009 and 2014 and an overhaul of the government’s insurance program in 2013, reverse mortgages were considered to be a last resort for cash-strapped senior
Senior Home Owners Find Financial Resource in Reverse Mortgages
For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home equity loan. But a conventional loan really doesn’t free up the equity beca
What is a Reverse Mortgage?
A reverse mortgage is a loan against your home that requires no repayment for as long as you live there. It is insured by the FHA (Federal Housing Administration) for homeowners ages 62 or older. It i