A bill introduced into the Oregon Senate could potentially halt the availability of proprietary product offerings in the ...

The Oregon legislature held a hearing last week on a proposed bill that seeks to limit the amount of equity a reverse ...

I overheard a friend talk about how happy she was getting approved for a reverse mortgage and was intrigued,” Marie tells ...

Reverse mortgages allow seniors to borrow against their home equity. If the borrower dies, a reverse mortgage falls to their ...

Reverse mortgages can help those near or in retirement receive ... your kids might not inherit the family home since it will get turned over to the lender to satisfy the debt.

you can take out a reverse mortgage on your property in Puerto Rico, the U.S. Virgin Islands, or Guam. All three places are U.S. territories, which means you can get a reverse mortgage just as you ...

so they can get your house after you pass away,” says Tabitha Mazzara, director of operations at MBANC, a mortgage lender. Here’s how to pay back a reverse mortgage. The last scenario can ...

A HELOC will generally be better for more homeowners in 2025 for a simple reason: it doesn't come with the same age restrictions that a reverse mortgage ... owners can better determine which ...

Don’t believe everything you hear.” This couldn’t be truer when it comes to refinancing reverse mortgages. Many homeowners hesitate to take this step because they’re influenced by common myths and ...

A reverse mortgage isn't technically a type of refinance ... Second, you have to pay closing costs each time you refinance, so it can get expensive if you do it multiple times.

Many people aged 62 or older are “house-rich and cash-poor.” They’re free of house debt but their income is limited. A reverse mortgage may allow some to take advantage of their house as an ...

You can also get a bridge loan to put a down payment on a new home before selling your old one. Guild offers reverse mortgages as well. In 2021, Guild Mortgage had a total of 82,414 home purchase ...