If you're planning to take out a reverse mortgage now, avoid these mistakes, which could cost more than expected.

A reverse mortgage is a home loan that allows older homeowners to borrow against their home’s equity. Unlike a traditional loan, a reverse mortgage doesn’t require the homeowner to make monthly ...

5 Facts about how a Reverse Mortgage Line of Credit Works A Reverse Mortgage Line of Credit is a prudent way to have money set aside, just in case, you need it down the road - for unexpected home ...

Longbridge's HELOC for Seniors incorporates elements of both a traditional line of credit and a reverse mortgage. Borrowers ...

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo ...

Watermark Reverse Mortgage is a licensed mortgage corporation established in 2006 and based in Irvine, California. The company is licensed in most states and provides reverse mort ...

If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your ...

Reverse mortgages are specialized home equity loans for homeowners age 62 and up. A reverse mortgage gets its name because instead of the homeowner making payments to a lender, the lender makes ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. A ...

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Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...