A reverse mortgage can be a smart fix for seniors who need to borrow, but there are risks if you can't cover what's owed. .

I took out a reverse mortgage, and my current interest rate is 6.75%. I have about $325,000 equity in my home currently, with a reverse-mortgage payoff amount of around $200,000.

Reverse mortgage borrowers can receive funds in one of three ways — a lump sum, monthly payments or a line of credit — or a combination thereof.

Reverse mortgages are for people ages 62 and older who have substantial home equity. Carlson explained that instead of paying ...

There are multiple timely reasons why a reverse mortgage makes sense for seniors this September. Here are three.

While a reverse mortgage may sound tricky, there are safeguards in place to help ensure you don't default on the loan.

In this guide, we break down 12 key pros and cons of reverse mortgages to help you make an informed decision -- and avoid costly surprises down the road.

Sophisticated scams increasingly target seniors, as thieves often use technology to gain access to personal information.