With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates.

A former reverse mortgage industry marketing director offers his firsthand perspective on potential industry shortcomings.

All senior homeowners should know and understand the main pros and cons of reverse mortgages before turning their home equity into spendable cash.

Reverse mortgage lenders that are able to provide AI tools to clients in a thoughtful, purpose-driven manner are poised to gain a leg up.

Homeowners with a reverse mortgage can continue to deduct property taxes on their federal income tax returns, provided they itemize deductions on Schedule A.

Reverse mortgages were largely created for seniors who are cash-poor and house-rich -- meaning they have a lot of equity in their homes but little or no savings.

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

Second reverse mortgages offer several key advantages for senior homeowners, including: - No monthly mortgage payments: Borrowers are not required to make monthly payments on the second reverse ...

ORANGE COUNTY, CA, UNITED STATES, December 27, 2024 / EINPresswire.com / -- As seniors seek innovative ways to enhance their retirement planning, the Reverse Mortgage Second Lien Program is ...

Common reverse mortgage scams Because reverse mortgages can be a ready source of cash, fraudsters might encourage seniors to apply by making misleading claims or committing outright fraud.

Mortgage interest is deductible only when actually paid Voluntary payments may offer tax advantages, especially for working seniors Scheper’s Advice: View Reverse Mortgages as a Planning Tool ...