What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their home equity.

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

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

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while reverse mortgages are designed to provide an accessible ...