Reverse Mortgages in the News

“Reverse mortgage may be best option for elderly homeowner”

By Liz Westin
Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she’s running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. Read more

“Reverse mortgages can be good option for seniors”

By Benny L. Kass
Do you know that if you are 62 years or older you may be able to buy a house or a condominium using a reverse mortgage? A reverse mortgage allows you to get money from a lender, but you do not have to pay it back (or make any monthly payments) until you sell or die.  Read more

“Understand reverse mortgage options”

ByTerry Savage
If you know a senior homeowner who is running out of money, a reverse mortgage might generate enough cash to allow them to stay in their home for many more years. Last fall the Federal Housing Administration created new rules, and opportunities, for lower-cost reverse mortgages. Now that most lenders have launched these new products, it’s worth an updated look.Read more.

“4 Ways to Tap Your House for Cash”

Even in a down market, you can safely unlock your equity

By Mark Miller
Reverse mortgages allow people age 62 or older to convert their home equity into cash. With a reverse mortgage, the bank pays the homeowner, who can elect to receive a lump sum, a line of credit or monthly payments. Read more.

“New Financial Standards for Reverse Mortgages”

By Phil Moeller
Reverse mortgage lenders are beginning to require senior borrowers to qualify for loans by proving that they have enough money to continue paying property taxes, home insurance premiums, and other home upkeep expenses.Read more

“A Lower-Cost Reverse Mortgage”

By Anne Tergesen
A reverse mortgage has long been considered a loan of last resort because of its high fees. Now, a new type of reverse mortgage is reducing some fees dramatically. But older homeowners need to be aware of the trade-offs.

Reverse mortgages allow people age 62 or older to convert their home equity into cash. With a reverse mortgage, the bank pays the homeowner, who can elect to receive a lump sum, a line of credit or monthly payments. Read more

“Seniors‘ reverse mortgage experiences mostly positive”

Survey: More than 50% would recommend loan to family, friends.

By Tom Kelly
John Marttila has seen his share of slam-dunk winners and woeful losers. The leader of Boston-based Marttila Strategies, a public-opinion research firm, has worked for a wide variety of elected officials in all regions of the United States...
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