A single-purpose reverse mortgage can offer retirees affordable access to equity, but there are strings attached.

The largest reverse mortgage lender in the country, Mutual of Omaha accounted for over 22% of the market in 2024. It offers ...

With a reverse mortgage, the bank gives you a lump sum of money you can use for meeting your needs. The loan is paid back when you pass away and the home is sold.

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 ...

Text Callout : Key Takeaways - How to Pay Back a Reverse Mortgage Homeowners 62 and older may opt to use a reverse mortgage to help fund their retirement. Reverse mortgages provide money to borrowers ...

By Laurie E. Ohall, Florida Board-certified Elder Law Attorney For many seniors, a reverse mortgage can provide extra ...

Buying a home has so many moving parts that it can feel like it takes forever to finish. One part of that process includes mortgage underwriting. A mortgage underwriter is the person who approves — or ...