A sizable number of financial advisors are misinformed about reverse mortgages, and The American College of Financial Services has set out to set the record straight. Through its RICP program, the ...

Reverse mortgages, which had failed to generate much interest in the decade since they were introduced, started to catch fire in the first half. Experts credited rising home values and a marketing ...

For some seniors, a reverse mortgage can be a helpful way to make ends meet. Getty Images/iStockphoto Inflation continues to strain the economy and American household budgets with higher prices at ...

To qualify for a reverse mortgage, you typically need to be at least 62 years old — and the older you are, the more you may ...

In a reverse mortgage, ... The rule of thumb on the percent you can borrow is your age minus 12, said John Stearns, a senior loan officer with American Fidelity Mortgage Services.

American Senior (NMLS #7147), the reverse mortgage arm of HighTech Lending, offers the standard reverse mortgage options — HECM, HECM for purchase and jumbo loans.

Wells Fargo & Co. decided to exit reverse mortgages after federal officials insisted it foreclose on elderly customers who were behind on property tax and insurance payments, a Wells executive wrote ...

Pros of reverse mortgages: They’re a source of cash. Borrowers can select that the amount of the loan be payable in a lump sum or regular payments.

Reverse mortgages let older homeowners access cash using the equity in their homes to get a loan. ... It has been expected that reverse mortgages will grow as the American population ages.

American Home Bank (AHB) was purchased by First National Bank of Chester County at the end of 2008 to help the bank expand its mortgage footprint and increase its fee income.

Why a reverse mortgage may be better Reverse mortgages are only offered to a portion of the homeowner community. With some rare exceptions , applicants will need to be age 62 or older to qualify.

Separately, American Advisors Group touted the financial advantages of reverse mortgages in ads that featured Fred Thompson, a former Law and Order TV drama actor and former U.S. senator, who ...