Reverse mortgage refinances made up the most sizable portion of total Home Equity Conversion Mortgage (HECM) volume in 2021 going back to at least 2009, according to data from the U.S. Department of ...

HeraldNet journalist Tom Kelly writes about the one of the most exciting parts of HERA in Program allows reverse mortgage for a purchase. The new HECM for purchase program becomes active January 1st, ...

* Company reviews and categories are based on information collected between March and April 2025. The sample rates currently featured are based on the most recent government data on reverse mortgages, ...

Right here in Edmond and all across the nation, seniors are downsizing to smaller homes making the purchase with a mortgage that requires no monthly payment for the remainder of their lives. It’s ...

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 ...

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 ...

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 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 ...

Finance of America Reverse LLC (“Finance of America”), the operating subsidiary of Finance of America Companies Inc. (NYSE: FOA) (“FOA”) and the nation’s leading provider of home equity–based ...