ReverseMortgages

Reverse Mortgage: Is It a Good Bet for You?

The reverse mortgage was invented to help seniors facing economic hardship access the equity in their homes. But these loan products are complicated, expensive and ripe for abuse, which lead a reader named Fred to ask DailyFinance's Laura Rowley for some advice. Here's what she told him:

'Doctor Marion' Takes Elder Care Message on Tour

More than 8,000 Baby Boomers are turning 60 each day, and many have made serious miscalculations about what they'll need in retirement. So Elder advocate Marion Somers, Ph.D., is crisscrossing the country again to spread the word: "This country is going to be hit with a geriatric tsunami and we are not prepared."

Reverse Mortgage Alternatives For Cash-Strapped Seniors

The two biggest banks in the reverse mortgage business are getting out of it. Now, Bank of America and Wells Fargo accounted for less than half of the reverse mortgages in America, and other lenders are still writing them. But for cash-strapped seniors, it might be a good idea to explore alternative ways to stay in their homes.