However, if you plan to retire to the property, you will need to pay attention to the residency rules that govern reverse mortgages. Puerto Rico, the U.S. Virgin Islands, and Guam are all part of ...

but the rules are complicated and depend on whether they were co-borrowers on the loan or non-borrowing spouses. Anyone, spouse or otherwise, who inherits a home with a reverse mortgage should ...

A reverse mortgage allows older homeowners to borrow against the equity they've accrued in their home. But unlike the monthly payments required by a home equity loan or HELOC, the debt from a ...

decided to pause its reverse mortgage services in 2020. The company does not offer new reverse mortgage loans. ConsumerAffairs is not a government agency. Companies displayed may pay us to be ...

A bill introduced in January to the New York state Senate is seeking to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding ...

Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's ...

Sarah Alvarez has been at William Raveis Mortgage since 2020, when she joined her mother, industry legend Melissa Cohn, as part of the Melissa Cohn Group. Prior to joining William Raveis ...

There’s a famous saying: “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 ...