A reverse mortgage is a loan that allows homeowners, typically those age 62 or older, to cash in on part of their home’s equity without selling it A reverse mortgage is a loan you take out on your home, similar to a second mortgage Homeowners age 62 or older are eligible to borrow against their home's. Reverse mortgages are a way for older homeowners to borrow money based on the equity in your home Here’s what to know about the potential risks, how reverse mortgages work, how to get the best deal for you, and how to report reverse mortgage fraud. What is a reverse mortgage loan
A reverse mortgage is a special type of mortgage loan for homeowners who are 62 or older Reverse mortgages grew by 6% last year Here’s why more seniors are borrowing against their homes—and what critics say could go wrong.
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