The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business.

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly payments.

Here's how a reverse mortgage can allow a retiree to buy a new home without any monthly mortgage payments. By now, most people understand that a reverse mortgage is a type of loan that allows eligible ...

If you're planning to take out a reverse mortgage now, avoid these mistakes, which could cost more than expected.

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Retirees often ...

The U.S. Senate joined the House in passing some new changes to the Federal Housing Administration (FHA) to alter the Home Equity Conversion Mortgage program or HECM for short. These new changes may ...

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in ...

ORANGE COUNTY, CA, UNITED STATES, December 27, 2024 /EINPresswire.com/ -- As seniors seek innovative ways to enhance their retirement planning, the Reverse Mortgage ...

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 ...