Tag Archives: reverse mortgage

Reverse mortgages get a reform

Most reverse mortgages, which allow homeowners 62 and older in need of money for retirement to tap the equity in their homes, are made through the Department of Housing and Urban Development, or HUD, and are guaranteed by the Federal Housing Administration, or FHA. These loans are based on the value of the home and the age of the borrower. The higher the value of the home and the older the borrower,… Read More »