A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability ...
The Oregon state senate’s Committee on Housing Development held a hearing last week on a piece of proposed legislation that seeks to limit the amount of equity a reverse mortgage lender can receive ...
(WGHP) — You’ve likely seen commercials talking about reverse mortgages, but what are they and are they right for you? Linda Pritchett helps break down the information in Successful Aging.
While reverse mortgages can help older Americans convert home equity into cash without monthly mortgage payments, vacating ...
While most reverse mortgage borrowers don't make regular payments, you're not actually required to wait until a triggering ...
Dear Liz: Please write about the issues people can face when they have a reverse mortgage and need to move out to get long-term care. My mother, who is now 94 and lives on a small teacher’s pension, ...
Dear Liz: Please write about the issues people can face when they have a reverse mortgage and need to move out to get long-term care. My mother, who is now 94 and lives on a small teacher’s pension, ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It’s an unfortunate thing that many seniors reach ...
For many older Americans, retirement comes with a mix of financial security and new challenges. While Social Security provides a reliable income stream, it's rarely enough to maintain the lifestyle ...
When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...
Question: “I have been toying with the idea of using some of my 401(k) money to secure my mom’s house. My mom took out a reverse mortgage but exhausted her access once it reached $560,000. The home ...