Reverse Mortgages
Many retirees and seniors explore the option of a reverse mortgage as a way to tap into their home equity to get money. With a reverse mortgage, you generally don't have to pay back the loan until you die, move, or sell the home. But before you sign up for a reverse mortgage, make sure you understand the pros and cons, including the tax implications and the potential pitfalls. And, after learning about all the downsides you still decide to get one, beware of the many scams targeting folks seeking these kinds of mortgages.
Reverse Mortgages: What to Watch Out For
Reverse Mortgages: What to Watch Out For
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What You Need to Know About Reverse Mortgages in 2021
With a reverse mortgage, the lender makes payments to you rather than the other way around. But these loans are risky.
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Learn about reverse mortgages, including the upsides—and many downsides—to getting one.
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Tax Implications of Reverse Mortgages
As far as taxes go, there are pros and cons to reverse mortgages.
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Know the risks of reverse mortgages and watch out for reverse mortgage scams.
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Reverse Mortgages: Restrictions and Requirements
The FHA recently made changes to the availability of certain types of reverse mortgages, including the popular standard fixed-rate Home Equity Conversion Mortgage (HECM).
Avoiding Foreclosure With a Reverse Mortgage
Avoiding Foreclosure With a Reverse Mortgage
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Using a Reverse Mortgage to Prevent Foreclosure
For homeowners 62 and over, a reverse mortgage could help avoid foreclosure. But it's not always the best option.
Common Questions About Reverse Mortgages
Common Questions About Reverse Mortgages
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Learn whether you qualify.
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Is a Reverse Mortgage or Home Equity Loan Better for Me?
Learn what to choose.
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I am 65 and my wife is much younger. Can we get a reverse mortgage?
See if you qualify.
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If I Get a Reverse Mortgage, Can I Leave My Home to My Heirs?
Learn the answer here.
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Foreclosure of Reverse Mortgages
Learn when a lender can foreclose if you have a reverse mortgage.
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Learn about reverse mortgages, including the upsides—and many downsides—to getting one.
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Reverse Mortgages: Restrictions and Requirements
The FHA recently made changes to the availability of certain types of reverse mortgages, including the popular standard fixed-rate Home Equity Conversion Mortgage (HECM).
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Reverse Mortgages: Foreclosure Protections for Nonborrowing Spouses
Reverse mortgage rules might be able to protect you if your spouse passes away, but you aren't named as a co-borrower on the mortgage.
More Legal Topics
- After Foreclosure
- Alternatives to Foreclosure
- Delaying or Stopping Foreclosure
- Fighting Foreclosure in Court
- Foreclosure and Bankruptcy
- Foreclosure Lawyers & Other Foreclosure Help
- Foreclosure of Mobile and Manufactured Homes
- Foreclosure: The Basics
- Homeowners’ Associations (HOAs & COAs)
- Losing Your Home in a Tax Sale
- State Foreclosure Laws
- Tenants and Foreclosure
- Timeshare Foreclosures
- Understanding Mortgages & The Major Players in a Foreclosure
- After Foreclosure
- Alternatives to Foreclosure
- Delaying or Stopping Foreclosure
- Fighting Foreclosure in Court
- Foreclosure and Bankruptcy
- Foreclosure Lawyers & Other Foreclosure Help
- Foreclosure of Mobile and Manufactured Homes
- Foreclosure: The Basics
- Homeowners’ Associations (HOAs & COAs)
- Losing Your Home in a Tax Sale
- State Foreclosure Laws
- Tenants and Foreclosure
- Timeshare Foreclosures
- Understanding Mortgages & The Major Players in a Foreclosure
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