![\"reversemortgage\"](\"http:\/\/www.seonewswire.net\/wp-content\/plugins\/wp-o-matic\/cache\/2711d68c2f_reversemortgage.jpg\")
<\/a><\/h3>\nFinancing retirement years can be extremely difficult; many baby boomers will need to consider how the value of their homes can help.<\/h3>\n
Reverse mortgages<\/a> could play an integral role of many retirees\u2019 financial plans, especially for those who wish to remain in their homes, but need cash. Currently, most anyone can qualify for a reverse mortgage — no underwriting or credit scores necessary. But it may not always stay that way.<\/p>\n (Related: Ohio judge validates a will written and signed on a tablet computer<\/a>)<\/p>\n A large portion of reverse mortgages, which allow homeowners 62 and older to utilize their home equity, are made through the Department of Housing and Urban Development<\/a>, whose Federal Housing Administration<\/a> (FHA) arm insures the loans. However, due to declining home prices after the housing crisis took a major toll on the federal program. Also contributing to the decline was the FHA\u2019s elimination of the type of mortgage that allowed (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Financing retirement years can be extremely difficult; many baby boomers will need to consider how the value of their homes can help. Reverse mortgages could play an integral role of many retirees\u2019 financial plans, especially for those who wish to…<\/span><\/p>\n