Tag Page ReverseMortgage

Reverse Mortgage Rules: What Retirees Need to Know

Thinking about tapping your home’s value for extra cash? Heads up: reverse mortgage rules are getting a makeover in 2025. Lenders now want two appraisals (yep, double the paperwork and fees), stricter home standards, and more tech like drones. If your house needs repairs or you’re not a fan of paperwork, plan ahead. It’s all about keeping things safer for everyone, but it might cost you more time and money. Stay organized and budget for extra fees to keep your options open! #RealEstate #ReverseMortgage #RetirementPlanning