For many people, a house is their most valuable asset. In fact, home equity—the value of a property minus any outstanding mortgages or liens—accounted for 45% of the median net worth of U.S.

Taking out a reverse mortgage requires some due diligence on your and your lender’s part, similar to taking out a traditional ...

Promise Home Loans is a mortgage broker that connects adults who are at least 62 years old with lenders to secure home equity conversion mortgages (HECMs). It also helps qualified seniors purchase a ...

NRMLA sent HUD and FHA a detailed letter urging lower upfront MIP, HMBS index changes and new liquidity options for reverse ...

A reverse mortgage is a type of home loan for seniors that works backward. Rather than making payments to your lender, you receive payments — sort of like an advance on your eventual home sale. If you ...

The unique economic climate of 2024 is quickly coming to close. While inflation finally dropped this year and interest rate cuts were issued for the first time since 2020, the American economy still ...

GoodLife Home Loans, the fourth-largest HECM originator, promoted Chase Kinder to lead its wholesale division. The company endorsed 1,344 HECM loans in the year ending July 2025, growing 66% YTD and ...

We’ve been told that asset-based mortgage lending, wherein the loan depends solely on the value of the underlying real estate collateral, is a dead concept, at least for homeowners. The idea, in its ...

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

If you’re a homeowner looking for ways to tap into your home’s equity, two common options you might consider are a reverse mortgage and a home equity loan. Both allow you to use your home’s value to ...

After a 10-year high in March, the reverse mortgage industry experienced April showers with a decrease of 3.8% in loan volume, according to the April Home Equity Conversion Mortgage (HECM) industry ...