For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money ...

Thinking about a reverse mortgage? Here's what it really takes to get approved for this unique borrowing option.

Reverse mortgages are for people ages 62 and older who have substantial home equity. Carlson explained that instead of paying ...

I took out a reverse mortgage, and my current interest rate is 6.75%. I have about $325,000 equity in my home currently, with a reverse-mortgage payoff amount of around $200,000.

In 2023, the most recent year for which data is available, only 15% of private sector workers had access to a defined benefit ...

If you're concerned that your parents are considering a reverse mortgage, discuss their financial situation with them to help determine if it's the best financial solution.

Hesitant to sign up for a reverse mortgage? CNBC Select outlines the alternatives, including refinancing and home equity loans.

CNBC Select reviews Finance of America, a leader in the reverse mortgage market with a wide assortment of options.