Yes, you can—but be sure to contact your lender first Fact checked by Suzanne Kvilhaug Reviewed by Lea D. Uradu After years (or decades) of dutifully paying down your mortgage, you have likely built ...

While a reverse mortgage may be the ideal financial tool for some, for others, it's important to know there are alternatives worth exploring. Costs: One-time, up-front costs include origination fees, ...

For many seniors, one of the biggest concerns when approaching retirement is what to do with their home. Two of the most common options are taking out a reverse mortgage or selling their home outright ...

I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I’ve got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...

For many retirees, the challenge isn't just making their money last. It's figuring out how to access the wealth they've already built. With inflation still pushing up the cost of groceries, gas and ...

For many older Americans, retirement isn't about staying put in their homes. It's a time for making a meaningful change instead. Some retirees want to downsize their home into a more manageable space, ...

Onity Group will sell $9.6 billion in reverse mortgage servicing rights to Finance of America and exit the reverse origination business.

In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare ...

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What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living expenses. For retirees ...

Finance of America is buying Onity's MSRs and loan pipeline in this niche as PHH retains its role as a subservicer and ...

The reasons some homeowners would consider alternative financing offered by these companies is that homeowners might have low ...