Reverse Mortgage for Seniors

A loan borrowed against the value of one's home. The agreement allows eligible homeowners of at least 62 years of age to borrow against available equity while the person remains in the home. The loan must be repaid at the time of death or either the primary residence has changed or the home is sold.

Reverse Mortgage Articles

  • A reverse mortgage loan is one option that may deserve consideration as retirement needs grow and savings and Social Security benefits may not be enough to retire on comfortably and with confidence.

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  • A reverse mortgage is a type of home equity loan for seniors age 62 and older that is used to turn a portion of their home equity into cash. Is this financial planning tool right for you?

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  • Reverse mortgages are becoming increasingly popular ways for seniors to increase their cash flow and cover costs. As with any financial strategy, it’s important to consider the benefits and drawbacks of this method for increasing retirement income.

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  • Use this guide to explore all your options, such as insurance coverage, benefits and out-of-pocket sources, that can be used to pay for home care.

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