Learn about reverse mortgages
A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. Watch this two-minute video to see how they work and what to consider before applying.
A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time. Read more
Along with age, there are a few other requirements for taking out a reverse mortgage loan. Read more
In addition, the loan may need to be paid back sooner, such as if you fail to pay property taxes or homeowner’s insurance or don’t keep your home in good repair. Read more