Reverse mortgages were once marketed as a guaranteed safety net for retirees, but the landscape has changed dramatically in recent years. New rules, lender practices, and federal oversight now affect how much you can borrow, what fees apply, and what risks exist for your heirs. For seniors looking to tap home equity, understanding these updates before signing is essential. A reverse mortgage can be a helpful financial tool—but only if used wisely and with full knowledge of the fine print. Here are the 2025 updates that every homeowner over 62 should know.
