One option — at least for those who own homes — is a reverse mortgage.
FOA's president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.
Not just for emergencies anymore, in this series our expert explores how reverse mortgages can boost your retirement income and financial security.
She can barely make her mortgage payment as all her income goes towards the house payment and living expenses.
Older adults need more information about financial programs, with GAO citing the HECM counseling program as an age-targeted example.
In an era where financial uncertainty looms large, particularly for seniors, reverse mortgages are emerging as a crucial tool to .
In 2010 we published a KnowRisk commentary with a greatly simplified description of the US budget called Federal Budget 101.
A reverse mortgage is a type of loan older homeowners can use to turn the equity of their primary residence into income.
Zillow Home Loans offer a simple online mortgage experience, including prequalification with only a soft credit inquiry.
The American Association of Retired Persons (AARP), a nonprofit, nonpartisan organization that advocates for Americans aged 50 and older, warns that rising interest rates will reduce reverse-mortgage .
AARP examined the effect of high rates on reverse payouts, with industry pros and researchers saying the value proposition still remains.
Mutual of Omaha Mortgage reviews from its customers average nearly 5 stars, but its interest rates may be a bit higher than those from some of its competitors.