Reverse mortgages: Safer, but far from risk-free – Business – CNN.com – About 10% of reverse mortgage borrowers go into default.. New federal rules have made reverse mortgages safer, but there are still some.

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Reverse Mortgage Eligibility | Reverse Mortgage Rules – Reverse Mortgage Eligibility. The basic requirements to qualify for a reverse mortgage loan include: the youngest borrower on title must be at least 62 years old, live in the home as their primary residence and have sufficient home equity.

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Reverse Mortgages: What You Need to Know | Money – New Rules for Reverse Mortgages. about these now,” says John Salter, a professor of personal financial planning at Texas Tech University.

New York proposes new rules for reverse mortgages – Included among those proposals are new rules for reverse mortgages, which are similar to a traditional. He is a graduate of University of North Texas..

Latest HUD changes to reverse mortgages good for consumers | TheHill – The new rules require reverse mortgage borrowers to now pay an up-front insurance fee of 2 percent of their loan, as opposed to the former 0.5.

Reforms Come to Reverse Mortgages – Consumer Reports – New rules might protect borrowers against some potential perils of reverse mortgages.. The Hunzikers had taken out a reverse mortgage in 2008. Karen.. of personal financial planning at Texas Tech University in Lubbock.

Should I take out a reverse mortgage? – S.W., Red Oak, Texas A reverse mortgage can be a good way for people 62 and older. such as the initial insurance premium. How do I plan when tax rules keep changing? Even though you’re not paying.