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.

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

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 ...

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

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

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

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.

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 reason is that one in five reverse mortgages taken out between 2009 and last year are expected to default. So, what’s the purpose of a reverse mortgage and why the new rules?

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