Reverse Mortgages in the News

 

 

 

 

 

"Getting a Reverse Mortgage, but Not From a Celebrity"

By Ron Lieber

If you don’t have a reverse mortgage and don’t know anyone who does, your familiarity with the product probably comes from television commercials.. Read more...

 

 

 

 

 

Could Getting a Reverse Mortgage Save You Money?

Consumer advocates now say that taking out a reverse mortgage could be a smart way to bring in more money.

   

 

 

 

"Make Money Last: Consider a Reverse Mortgage"

By Jean Chatzky

Some people are more afraid of running out of money than they are of dying. Oh, I think that’s true. It's a huge existential fear. But the fact is that most people are going to be able to do it. They simply have to know how to stretch it out, what kinds of instruments to use. Read more...

 

 

 

 

 

“10 Things You Need to Know About Reverse Mortgages"

By Elyce Glink

You've probably seen the commercials: Actors tell older adults that they can use a reverse mortgage to access the equity in their homes and live a more financially carefree lifestyle.....Read more

 

 

 

 

“How to use a reverse mortgage to protect your retirement income"

By Robert Powell

Advisers have long looked down on reverse mortgages: Only the most desperate of Americans — those who failed to save enough for retirement or those who spent unwisely in retirement — would ever need to use such loans....Read more

 

 

 

 

“Do Reverse Mortgages Help Out?"

By Scott Burns
Imagine that you are about to retire. Everything looks OK, but just OK. What can you do to make things better? Would you like to boost your spendable income by 25 to 50 percent? For the rest of your life? Then listen up...Read more

 

 


 

 


Reverse Mortgages Can Be a Retiree's Saving Grace"

By Jamie Hopkins
While Social Security and retirement savings accounts get a lot of attention during retirement planning, home equity is often largely ignored as a possible income source... Read more.

 

 

5 Steps to Rescue Your Retirement Finances"

By Alicia H. Munnell
Baby boomers are facing a brewing retirement crisis. Since they’re living longer, they’ll need more money than previous generations, yet health care costs are rising and inflation-adjusted interest rates are at historic lows... Read more.

   

 


 

 

 

Seniors Explain: Why We Got a Reverse Mortgage"

By Marcie Geffner
Mike Ryan liked what a reverse mortgage could give him: the ability to take equity out of the house, tax-free and with no monthly payments. But he was skeptical, too. He thought about it for two years...Read more.

   

 

 

 

Reverse Mortgages: The Rewards and Risks"

By Nick Clements
One of the greatest challenges facing retirees, particularly in today's low interest rate environment, is generating income for everyday living expenses... Read more.

   
   
   

Reverse Mortgage: Should you inform your family about it?"

By Marcie Geffner
You're thinking about getting a reverse mortgage. Should you discuss your plan with your adult children? Maybe... Read more.

   

 

 

Reverse Mortgages for New Home Buyers"

By Pat Mertz Esswein
Chuck Rooney and his wife Ellen originally set out to refinance the mortgage on their home, but instead got a reverse mortgage and purchased a new home closer to family without worrying about mortgage payments... Read more.

   
   

Understanding the Pitfalls of Reverse Mortgages

By David Lazarus
Retirement is an increasingly scary prospect. Some experts say a couple will need $2 million to live comfortably. Some say you should have at least 10 times your annual salary socked away... Read more

   

 

 

The Case For Reverse Mortgages"

By Wade Pfau
What financial term do you wish those nearing retirement better understood?..
Read more.


   

 

 

 

Once Troubled Reverse Mortgages Poised for Rebound”

By Hope Yen
Advertised as a path to affordable retirement, federally insured reverse mortgages are showing signs of a rebound... Read more.

   

 

 

What Heirs Need to Know About Reverse Mortgages”

By Rachel L. Sheedy
If you have a reverse mortgage, let your heirs know. Soon after you die, the lender must be repaid. Heirs will need to quickly settle on a course of action.  Read more.