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 ...

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.

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.

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

I've never recommended a reverse mortgage to a client, and I can't imagine a situation where a reverse mortgage is the only solution to your potential liquidity needs.

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

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