The loans that promised to help older people stay in their homes in retirement are, in some cases, now pushing their children out.Jessica SilverGreenberg
For heirs, the problem with reverse mortgages often centers on the little-known set of federal regulations administered by the Department of Housing and Urban Development. A spokesman for the agency said it vets participating reverse mortgage firms to spot any possible violations, but did not provid...
a reverse mortgage allows you to take out a loan against the equity in your home that you do not have to repay during your lifetime as long as you are living in the home and have not sold it.
There are many factors to consider when figuring out if a reverse mortgage is right for you, so it is important that you understand all of the possible benefits and pitfalls.