The 60% reverse mortgage rule limits upfront borrowing. Here's what that means for older homeowners and their debt.

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

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

Reverse mortgage rules have become more stringent but qualified borrowers can benefit from financial flexibility.

Shutterstock The promises of a reverse mortgage -- never having to pay a mortgage bill again and using your home's equity to finance retirement -- can sound too good to be true. It almost was too ...

Thinking about a reverse mortgage? Here's what it really takes to get approved for this unique borrowing option.

The CFPB previously indicated that they will allow this rule to expire in 2021. “This could have potential impacts on reverse mortgages,” Milano said.

This reverse mortgage rule could help heirs keep the home after the borrower dies — but there's one big catch.

State- and D.C.-level laws, statutes, and codes pertaining to reverse mortgages Fact checked by Melody Kazel Reviewed by Doretha Clemon In addition to federal laws regulating reverse mortgage ...

You must live in a house to have a reverse mortgage on it. If you're absent for six months (or 12 months due to a medical emergency), your reverse loan becomes due.

The government is changing the loan's insurance costs and reducing how much applicants can borrow—and the window for borrowing under the old rules is closing fast.