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 ...

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 ...

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 ...

Access your equity, remain in your home and get money for expenses in retirement Written By Written by Contributor, Buy Side Mary Beth Eastman is a contributor to Buy Side and finance expert, ...

With a volatile stock market draining retirement savings from the bank accounts of seniors throughout the U.S., Larry Reiminger believes hope for some Southeast Missouri retirees lies in the reverse ...

Reverse mortgages sound like a good plan — after all, who wouldn’t want a dream retirement funded entirely by their house!

Homeowners have multiple avenues to look into if they want to tap their home equity. A home equity line of credit (HELOC) is one such tool, and while this line of credit offers flexible financing, it ...

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

When larger banks stepped out of the reverse mortgage market in the 2010s, Finance of America gobbled up much of the demand to become one of the biggest names in the field. Today, FOA is the ...

Mortgage interest rates plunged to their lowest level in three years in September, and while they've ticked up slightly since the middle of the month, they now enter October at a significantly lower ...