Taking out a reverse mortgage requires some due diligence on your and your lender’s part, similar to taking out a traditional ...

Whether you're renovating your home, supplementing your retirement income or making big purchases, you have options to access money from your home equity. David McMillin writes about credit cards, ...

In turn, more retirees and near-retirees are asking the question of whether opening a reverse mortgage will be worth it in ...

With over four years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed decisions as ...

MBA proposes seven reforms for the HECM and HMBS programs, including new securitization options and changes to mortgage ...

Reverse mortgages and home equity loans both allow homeowners to tap into their home equity. However, there are key differences to be aware of, starting with the fact that reverse mortgages are ...

Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...

Inflation continues to strain the economy and American household budgets with higher prices at the gas pump, grocery store and other everyday purchases. As a result, many are taking on extra jobs and ...

A reverse mortgage can be a way for homeowners age 62 or above to access much-needed funds. It allows you to borrow against your home's equity to provide extra cash in your retirement years, which you ...

A reverse mortgage is a type of home loan for seniors that works backward. Rather than making payments to your lender, you receive payments — sort of like an advance on your eventual home sale. If you ...

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

A reverse mortgage must be paid back when the borrower dies, moves out of the home or stops fulfilling the terms of the agreement, such as paying property taxes. You might choose to get out of a ...