A reverse mortgage allows older homeowners to tap their home equity. You have several options for how to receive the money. Learn how a reverse mortgage works.
Key Takeaways ; The Family Opportunity Mortgage allows you to help elderly parents or disabled adult children secure or refinance a home without having to claim it as a second residence. ; The benefits of using the Family Opportunity Mortgage include lower interest rates and a smaller down payment, plus no occupancy or distance requirements. ; To qualify, the parent or adult child can't be able to afford a mortgage or other financing on their own.
Here's what you should consider before taking out a reverse mortgage.
The mortgage interest deduction can be complicated. Here’s what interest qualifies for the deduction and how you can benefit.
A VA loan is a great option for military families who want to buy a home, and you don't need a down payment. Learn how a VA loan works and whether you're eligible.
Learn how to get a mortgage with our useful mortgage guide to home loans, mortgage pre-approvals, down payments, and much more. Realtor.com® is here to help you make smart financial decisions as yo...
A reverse mortgage could be a great way for homeowners to access their home's equity, but only select applicants qualify.
If you think you would benefit from a reverse mortgage, see what you could qualify for here.... If you fail to do so, the lender may foreclose on your home. The IRS does not consider...
Use NerdWallet's mortgage income calculator to see how much income you need to qualify for a home loan.
Everything you need to know about getting a mortgage. Find tips and guides to qualify for a home loan, consider down payment assistance or research refinancing.