Financial Freedom announced that it has formed an alliance with the Veterans of Foreign Wars (VFW) to become the exclusive provider of reverse mortgages for its qualified members. Veterans can access ...

The reverse mortgage industry has seen a flood of new proprietary products this summer, and key software vendors have taken steps to upgrade their systems to keep pace with the changes. ReverseVision ...

A reverse mortgage, also known as a home equity conversion mortgage HECM), is a home loan designed for homeowners aged 62 and older who want to take advantage of the equity they’ve accumulated in ...

With the arrival of a New Zealand-based company in Canada, the marketplace for reverse mortgages has become considerably more crowded. Mississagua, Ont.-based Seniors Money Ltd. , which introduced its ...

A reverse mortgage is a loan, and an annuity is insurance Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the ...

The economy has been somewhat of a mixed bag recently. Some have struggled to keep up with high inflation and high interest rates, while others have benefitted from a rising stock market and real ...

If a homeowner enters a nursing home, their reverse mortgage stays in effect as long as they occupy the home as their primary residence. If you have equity in your home and are over age 62, a reverse ...

For many retirees, the challenge isn't just making their money last. It's figuring out how to access the wealth they've already built. With inflation still pushing up the cost of groceries, gas and ...

A reverse mortgage must be paid back when the borrower dies, moves out of the home or stops fulfilling the terms of the agreement, such as paying property taxes. You might choose to get out of a ...

If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your ...