A reverse mortgage is a type of home equity loan that's reserved for older homeowners and does not require monthly mortgage payments. Instead, the loan is repaid after the borrower … Click to Continue »

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  • Doug Whiteman | Bankrate.com
    Doug Whiteman came on board Bankrate in February 2012 as an associate editor after nearly 18 years with The Associated Press.
    08/21/2018 - 3:31 am | View Website
  • Reviews of Doug Boussie, Executive Mortgage Banker at ORM ...
    Doug knows that getting a reverse mortgage is a big life decision. That's why he makes sure each client understands the program and how it can benefit their life. He takes the time to learn more about each client's goals and helps customize the loan to their specific needs.
    10/11/2018 - 12:22 am | View Website
  • Is a Reverse Mortgage Right for You?
    Reverse mortgages are often misunderstood, but they can be a handy tool for retirees looking for cash. With a conventional mortgage, you borrow money to buy a house, and make payments that allow you to build value in the home. With a reverse mortgage, you borrow from the value and make no payments. You keep title to your home.
    09/24/2018 - 4:27 pm | View Website
  • What are reverse mortgages, and how do they work?
    Several factors determine the amount of funds you are eligible to receive through a reverse mortgage, including: age (or the age of the younger spouse in the case of couples); value of home; interest rate; lesser of appraised value or the Federal Housing Administration’s HECM mortgage limit of $636,150.
    01/27/2018 - 6:53 pm | View Website
  • What is a reverse mortgage? | Campbell & Pruchnik, LLC
    The reverse mortgage, as the name implies, pays out to you every month. The amount you get depends on how much equity you have in your home. It's best in many ways that you own the house outright, but people can use these even if they're still making payments in some cases.
    10/1/2018 - 12:22 pm | View Website
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