Reverse Mortgage for Seniors
Reverse Mortgage Articles
Using a Reverse Mortgage Loan to Age in Place
A reverse mortgage loan is one option that may deserve consideration as retirement needs grow and savings and Social Security benefits may not be enough to retire on comfortably and with confidence.
1 CommentThe Ins and Outs of a Reverse Mortgage Loan: Is It Right for You?
A reverse mortgage is a type of home equity loan for seniors age 62 and older that is used to turn a portion of their home equity into cash. Is this financial planning tool right for you?
0 CommentsHow Reverse Mortgages Affect Medicaid
Seniors are pitched the benefits of a reverse mortgage as a way to "unlock" the equity in their home. However, what happens when they need a higher level of care, can no longer live in the home or try to qualify for Medicaid?
25 CommentsUnderstanding the Pros and Cons of Reverse Mortgages for Seniors
More seniors are turning to reverse mortgages as a way of receiving supplemental income in retirement and covering the costs of aging in place. As with any financial strategy, it’s important to consider the benefits and drawbacks very carefully.
12 Comments
Reverse Mortgage Questions
Does anyone know why a POA might apply for an adjustable-rate home equity conversion loan?
5 AnswersLlamalover47 Answered Mar 29, 2024Emergency situation. How to get aid for grandmother who is in debt and is being evicted from her rehab facility?
5 AnswersJoAnn29 Answered Mar 22, 2024What happens when mother dies and has reverse mortgage on house. Four or 5 siblings live with her. Can we still live in the house?
12 AnswersZippyZee Answered Jan 15, 2024What is the best way to take money from parents home to pay for care?
21 AnswersDupedwife Answered Dec 27, 2023
Reverse Mortgage Discussions
Medicaid Adult Child Caregiver Exemption: Parent must transfer home to adult child but Reverse mortgage prohibits transfer. Now what?
5 Commentsigloo572 Commented Sep 2022Excellent Article on Reverse Mortgages: Sunday New York Times
3 CommentsMargaretMcKen Commented Apr 2022Family Reverse Mortgage
2 CommentsCaringRN Commented Dec 2021We just found the lender on a Reverse Mortgage.
3 CommentsMsLady63 Commented Jun 2020
Reverse Mortgage Related Topics
- Elder Law
- Alzheimer's & Dementia
- Power of Attorney (POA)
- Care Decisions
- Long-distance Caregiving
- Aging in Place
- Elder Abuse
- Living Trusts
- Guardianship
- Forms & Documents
- Home Modification
- Sandwich Generation
- Working Caregiver
- Cognitive Decline
- Dementia Behaviors
- Dementia Wandering
- Mild Dementia
- Cancer
- Caregiving
- Burnout