Consider this exceptional financing opportunity for your home: The lender gives you $58,000 in cash over a 32-month period. When your home is sold a few months later, you owe the lender more than $765 ...

Baby boomers aren't the only ones jumping on record low mortgage rates and high home values to finance their dreams. Older homeowners dreaming of ways to stay in a home and draw on its value for ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. If you own your home (or most of it), a reverse mortgage may be able to ...

David Hill is an experienced journalist who has been reporting and editing for daily newspapers for more than two decades. His coverage areas are primarily business and local economic news, with a ...

When it comes to reverse mortgages, homeowners have options. A home equity conversion mortgage (HECM) may seem like the best option, but for homeowners with a high-value home or who need a lump sum ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

Have you ever mentioned reverse mortgages at the family cookout? Be honest—what happened? Three people left the table, two ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. J. R. Whalen: Here's your money briefing from Monday, June 6th. I'm J.R. Whalen ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while reverse mortgages allow seniors to borrow without adding to ...

With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates. It feels like everything costs ...