Paying back a reverse mortgage is necessary upon death or selling the home, and there are ways to repay the funds early.

A reverse mortgage can be a helpful tool for older homeowners who are house rich and cash poor. But problems can arise if debt piles up, leaving too little equity for late-in-life expenses.

Reverse mortgages can be beneficial in the right situation, but there are risks to consider, personal finance columnist Liz Weston writes A reverse mortgage could have benefits for a qualifying ...

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EDITOR'S NOTE: This article was originally published in the September 2012 issue of Kiplinger's Retirement Report. To subscribe, click here. Reverse mortgages were once considered a last-resort ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held ...

Enter the reverse mortgage, which allows homeowners to convert their home equity into cash. Over their 29-year history, reverse mortgages have earned a bad rep, thanks to smarmy TV ads and fears ...

Many older adults have the bulk of their wealth in retirement accounts. Assets held in retirement accounts are usually ...

Pockets of the country, particularly urban, African American neighborhoods were hit hard by reverse mortgage foreclosures. Many were targeted by reverse mortgage brokers after the recession when ...