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Is a Reverse Mortgage Loan Ever a Good Idea?

If you had asked a senior who saw their precious nest egg cut in half in the 2008-09 Great Recession but was able to lean on their reverse mortgage line of credit — until their stocks and bonds had a chance to rebound — they would likely tell you it was a good idea. If […]

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How Do I Refinance My Reverse Mortgage?

If you have qualified for a reverse mortgage in the past, you should find the qualifying criteria similar for a refinance of your reverse mortgage. You must: Be 62 or older. Use the home as your primary residence. Have sufficient equity in your home. Demonstrate the financial stability to meet the loan’s ongoing obligations, such […]

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Reverse Mortgage Quiz: Test Your Knowledge

Interest in reverse mortgages continues to increase as their uses and versatility become more widely known. Here are 25 questions to test your knowledge of reverse mortgages — knowledge that you may be able to put to work to help you live and retire better. 1. AAG is the nation’s leading reverse mortgage lender. Who […]

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