Life of a Reverse Mortgage
Walk through the life of a reverse mortgage loan and what borrowers can expect from the application process through the end of the loan.
Applying
Credit ratings are considered in the reverse mortgage financial assessment. Find out what that means for a borrower with a poor credit score.
Read article from Can I get a reverse mortgage if I have bad credit?To be eligible for a reverse mortgage, borrowers need to own their homes outright or have substantial equity.
Read article from Reverse mortgage equity requirementsThe process for getting any mortgage can be confusing. We break down getting a reverse mortgage into seven simple steps, starting with research.
Read article from Applying for a reverse mortgage in 7 stepsEnd of the Loan
What heirs need to know about the end of a reverse mortgage when the last borrower passes away.
Read article from What happens when reverse mortgage borrower dies?There are several ways to exit or walk away from a reverse mortgage before it comes to term. Contrary to a popular myth, none of them require that you pay a penalty.
Read article from Can you walk away from a reverse mortgage?It is not possible to outlive a reverse mortgage, however, you can outlive available proceeds. Learn how careful financial planning can help.
Read article from Can you outlive a reverse mortgage?