Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report ...

David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse ...

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 ...

In order to obtain a reverse mortgage, homeowners over the age of 62 must undergo counseling by an independent third party before applying for a reverse mortgage with a lender. Everybody knows seniors ...

In a recent article about QLACs, we said, “A QLAC doesn’t make your retirement. It makes it better.” We offered up several ideas about using a QLAC as part of your plan for retirement income. One was ...

Community First National Bank (CFNB) provides reverse mortgage services nationwide through its Reverse Solutions division. Its licensed specialists offer guidance and help eligible homeowners access ...

Keep in mind that the borrower must still pay property taxes, fees and insurance, as well as maintain the home and live in it as a primary residence, but a reverse mortgage can help in covering ...

I received a solicitation for an HECM loan saying I had “Estimated Funds Available” of $54,059. HECM stands for “home equity conversion mortgage” and is the FHA’s reverse mortgage program that enables ...