A reverse mortgage could help you cover your monthly expenses if you have limited retirement funds, but it has pros and cons. Learn more.
All senior homeowners should know and understand the main pros and cons of reverse mortgages before turning their home equity into spendable cash.
A proprietary reverse mortgage is a loan that allows seniors to draw on their homes' equity. It isn't federally insured like most reverse mortgages.
Everything you need to know about reverse mortgages—what they are, how they work, and how to decide if one is right for you.
Paying back a reverse mortgage can be done by selling the home, using savings, obtaining a new mortgage, or giving the lender a deed in lieu of foreclosure.
If you own your home and need additional income, you might be able to qualify for a reverse mortgage. Learn what it takes to get a reverse mortgage.
In Canada, a reverse mortgage can help homeowners 55 and older access cash by borrowing against their home equity.
Reverse mortgage debt could add a wrinkle to a divorce filing. A divorced couple can refinance the reverse mortgage or sell the home to pay off the debt.
A reverse mortgage can provide much-needed funds during retirement, but there are no penalties for selling the home and paying off the loan.
A reverse mortgage is a type of loan reserved for those 62 and older. Here’s how it works, how you can get one and what to be wary of.