Search results for "reverse mortgage"
How Will Taking Out a Reverse Mortgage Affect Home Care Benefits?
My mother is currently receiving home care services under New York's Medicaid program. If she takes out a reverse mortgage on her home and gives me some of the money to help me with the downpayment to buy myself a...
Read moreJumbo Reverse Mortgages Are Increasingly Available for High-Value Homes
Seniors with pricier homes now have an increased ability to get a jumbo reverse mortgage in order to raise cash for retirement. As the housing market has improved, jumbo reverse mortgages are becoming more popular even though they carry some...
Read moreNew Reverse Mortgage Product Has Lower Upfront Costs
Can Reverse Mortgages Foreclose on Surviving Spouses?
AARP's legal arm sued the Department of Housing and Urban Development on behalf of three surviving spouses, charging that reverse mortgage borrowers were caught in a regulatory bait-and-switch.
Read moreReport, Senate Hearing Highlight Successes, Problems with Reverse Mortgages
On the 20th anniversary of the law establishing the reverse mortgage program, reverse mortgages are getting a closer look thanks to a Senate hea...
Read moreIs a Reverse Mortgage Right for You?
While reverse mortgages may look like no-lose propositions on the surface, they also have some significant downsides. ...
Read moreReverse Mortgages Are Causing Some Homeowners to Lose Their Homes
A reverse mortgage can be a great tool in the right circumstances, but if you aren't careful you could end up losing your home. . .
Read moreHUD Makes Reverse Mortgages a Little Less Attractive
The Department of Housing and Urban Development has announced changes to the federal reverse mortgage program that will raise reverse mortgage fees for some borrowers and lower the amount homeowners can borrow.
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