13 Myths about Reverse Mortgages

13 Myths about Reverse Mortgages

Reverse mortgages have been federally-insured and regulated products for 30 years. Nevertheless, this mortgage loan is still misunderstood, and often viewed as something to avoid. Many of the misperceptions stem from unregulated products of the 1960’s and 1970’s. But...
What is a Reverse Mortgage?

What is a Reverse Mortgage?

A reverse mortgage is a specialized type of mortgage available only to homeowners who are age 62 and older. When comparing to traditional mortgage, this type often works in reverse. Homeowners who qualify for this type of mortgage are able to benefit from the equity...