Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. A reverse mortgage ...

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. A ...

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly ...

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

State- and D.C.-level laws, statutes, and codes pertaining to reverse mortgages Fact checked by Melody Kazel Reviewed by Doretha Clemon In addition to federal laws regulating reverse mortgage loans, ...

With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates. It feels like everything costs ...

You may not qualify for a reverse mortgage if you have bad credit, lack sufficient income, do not meet the age requirements or have missed tax or insurance payments. Many seniors use a reverse ...

The CHIP Reverse Mortgage is offered by HomeEquity Bank and is one of Canada's most popular reverse mortgage options. A CHIP Reverse Mortgage may be a good choice for homeowners over the age of 55 who ...