Since the Reverse Mortgage for seniors program is all the rage these days, let’s take a look at what is required to qualify for and to get a reverse mortgage. In the United States, a person must be at least 62 years of age and own their home to qualify for a reverse mortgage. A [...]

You may have heard your friends and family talking reverse mortgages. There have also been a lot of television commercials offering information about reverse mortgages and reverse mortgage companies. Yet, with all of this talk going on about FHA insured reverse mortgages and what they mean to you, what exactly is a reverse mortgage? A [...]

The Department of Housing and Urban Development asked Congress for nearly $800 million for its reverse mortgage insurance program while requesting its budget for 2010. This is the first subsidy that HUD has requested from the FHA since the start of the HECM program in 1990. If the new funding is approved, it could affect [...]