Reverse mortgages are often marketed as a lifeline for retirees who need cash flow while staying in their homes. At first glance, the concept may sound like an ideal solution. But beneath the promises ...

Learning how mortgages work can be confusing. We put together a brief guide focusing on where to find current rates and types of mortgages available.

WASHINGTON — The housing bubble, lax regulatory oversight and an influx of shady loan professionals have made lawmakers uneasy about the safety and soundness of the popular government-backed ...

Consumer Reports investigation reveals those loans all too often lead to financial ruin. Reverse mortgages are loans aimed at people 62 or older and work like this:- You cash in some of the equity in ...

Make sure you understand all the costs, terms and conditions before applying for a reverse mortgage. Reverse mortgages are widely advertised to older adults as a way to convert part of the equity in a ...

Government housing officials report that 46,000 reverse-mortgage borrowers under the government's insured loan program were delinquent on their loans as of July. This total is more than 50 percent ...

Your home equity is the market value of your home minus any outstanding debt on your property — including primary mortgages ...

Although some seniors can benefit from a reverse mortgage, there are pitfalls to know about. Speak to a financial advisor before committing to one. Follow 24/7 Wall St. on Google By Maurie Backman ...

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 ...

Reverse mortgage lenders are beginning to require senior borrowers to qualify for loans by proving that they have enough money to continue paying property taxes, home insurance premiums, and other ...