by Michelle Singletary
Washington Post Finance Columnist
As of the first of the year, older homeowners can tap into a larger portion of the equity in their homes with a reverse mortgage because of new, higher federal loan limits, according to the National Reverse Mortgage Lenders Association.
Although growing in popularity, reverse mortgages are still an unknown [...]

Many people may not know as they get older, there is a way to get equity from their homes to pay for medical, living, or other expenses. Anyone age 62 or older can apply for a reverse mortgage, or another name for it is a home equity conversion mortgage.
In a reverse mortgage, a borrower would [...]

By Michelle Singletary | January 8, 2006
As of the first of the year, older homeowners can tap into a larger portion of the equity in their homes with a reverse mortgage because of new, higher federal loan limits, according to the National Reverse Mortgage Lenders Association.
Although growing in popularity, reverse mortgages are still [...]

WASHINGTON - Housing and Urban Development Secretary Alphonso Jackson announced that the Federal Housing Administration (FHA) has increased its single-family home mortgage limits by more than 15 percent.
Effective January 1, 2006, FHA will insure single-family home mortgages up to $200,160 in standard areas and up to $362,790 in high cost areas. The high cost amount [...]

Next Generation Financial Services constructed a page of Reverse Mortgage Misconceptions.
The four misconceptions are:

Reverse Mortgages are only for the desperate seniors, or for the “House Rich, Cash Poor.”

Your home must be debt-free to qualify for a Reverse Mortgage.

The Bank owns the home after you get a Reverse Mortgage.

When a Reverse Mortgage comes due, the bank [...]