Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...

For many retirees, rising living costs and limited income can make financial stability feel out of reach. A reverse mortgage, also known as a home equity conversion mortgage (HECM), may offer a ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

The pitch: Make your savings last as long as you do. How they work: In exchange for a lump sum, an insurance company agrees to give you a monthly check for the rest of your life or for a specified ...

At the height of the real estate market, I recall driving past a Bay Area billboard for an apparently conservative financial advisory firm that read something like: “Your home is not a retirement plan ...

Finance of America Companies helps retirees by offering a range of home financing options, including reverse mortgages and home improvement loans as well as home-sharing services. As of April 2023, ...

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly ...

Reverse mortgages can be a powerful financial tool. But they’re often overlooked, partially because reverse mortgages aren’t always easy to understand. These loans allow older homeowners to borrow ...

The reverse mortgage industry has long sought to streamline and maximize its ongoing efforts to connect with prospective borrowers. After a challenging year for the mortgage industry broadly and the ...