Eligibility Requirements
In general, to qualify for a reverse mortgage the youngest homeowner must be 62 years old or older and have sufficient home equity (about forty percent).
Determining whether or not there is sufficient equity in the home is an FHA calculation that takes into account:
    * Current interest rate
    * Whether the rate will be [...]

Do You Have Enough to Retire?
Do the Math.
Just how much are you going to need in order to retire comfortably?
It may be the biggest financial question in your life. With 80 million baby boomers now heading into the flight path for retirement, it’s a pressing one, too.Yet a horrifying number of people have [...]

Would a Reverse Mortgage Affect My Taxes?
While real estate remains in the doldrums, many older individuals own homes that are still worth plenty. Some of these folks may be “house rich” but “cash poor.” Taking out a reverse mortgage could solve that problem, but what are the tax implications? Good question. Before answering, let’s cover [...]

New Scam Targets Elderly Homeowners with Reverse Mortgages
Just in the last two months we have received calls from two former borrowers who had been targeted for a new scam. It seems that there is a new way to try to separate borrowers from their money and at this time we don’t know if it is [...]

You may be thinking about getting extra cash from the home you own as a way to supplement your monthly living expenses. This article will explain how a reverse mortgage loans work and how to find the best quotes by these kinds of providers. Another name for these type of loans are called reverse annuity mortgages.

As baby boomers age, an old mortgage product — the reverse mortgage — has started to get a second look.

The study, based on a Gallup poll from 2008, finds that most people feel increasingly happy starting around age 50.

When it comes to retirement, there are lots of things to consider: tax rates, earthquakes, and drug interactions to name a few. But experts say there are two big elephants in the room with which many of us will have to deal, sooner or later.

The FHA HECM reverse mortgage program is a loan that can help seniors create regular source of income for themselves. This loan works differently than any other type of mortgage loan on the market.

Baby Boomers are “exhausted and emotionally frustrated with Wall Street.” As a result, “they are doing nothing and will not be able to retire,” Frank Troise from the company SoHo Asset Management told CNBC today.