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 ...

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program.

Oh, hi again. In today’s edition, we’re talking about a new reverse mortgage that promises rate stability for life, a ...

These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

Last week, we explored how you could use a reverse mortgage to produce an income for life while allowing you to live in your home until your death or you move out. We also considered the possibility ...

Sometimes the path to a better retirement isn’t about working more or saving harder. It’s about unlocking the resources you ...

In the August rate update, I explained why over 99% of Home Equity Conversion Mortgages (HECMs) are variable interest rate loans and the advantages of this over the fixed-rate counterpart. Some of ...

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

When George Vrban recently took out a reverse mortgage himself, some eyebrows were raised. But his decision wasn’t born out of financial desperation — it was part of an overall strategic retirement ...

The average home value in the United States is currently $368,581, a 0.3% increase from the year before, according to the latest Zillow data. But while home values remain high, sticky inflation has ...