As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both draw from the same source — the value of your home — they work very ...

If you’re a homeowner looking for ways to tap into your home’s equity, two common options you might consider are a reverse mortgage and a home equity loan. Both allow you to use your home’s value to ...

This type of mortgage is ideal for many retirees because it provides flexibility and can even help them defer taking Social ...

If you're a homeowner over age 62, you may be sitting on your biggest financial asset while struggling to pay your bills. With inflation squeezing those with fixed incomes and retirement savings ...

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...

At 65, she is preparing for retirement and is considering tapping into her own 401 (k) to pay back the reverse mortgage.

With home prices climbing steadily over the last few years, today's homeowners are sitting on record-high levels of tappable equity, offering them a lot of borrowing power. And, for those looking to ...

I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I've got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...