Fact checked by Betsy Petrick Older adults face distinct financial challenges as they approach their retirement years, especially if their income declines. Fortunately, if they've gained equity in ...

For many retirees, their home is not just a place of comfort—it’s their most valuable asset. While it offers stability, it ...

A reverse mortgage can be a powerful way to supplement Social Security income and give your retirement budget a little more ...

I took out a reverse mortgage, and my current interest rate is 6.75%. I have about $325,000 equity in my home currently, with a reverse-mortgage payoff amount of around $200,000.

Let’s face it, retirement today isn’t what it used to be. We’re living longer, spending more and navigating a world where ...

Reverse Mortgage Daily rounds out the rest of the national top 10 based on data from mortgage recruiting software provider ...

James and Lucretia Klucken say their nightmare began in 2019, when they started receiving letters about a $50,000 reverse ...

If you’re 62 or older, you could convert your home’s value into tax-free cash. Enjoy retirement with a reverse mortgage from Longbridge Financial (NMLS# 957935). Click on your state to learn more.

So if keeping your home in the family is important to you, a reverse mortgage may not be an optimal choice. It’s also a good idea to consult a financial advisor about a reverse mortgage.

Safely unlock your home's value with these standout lenders and useful tips to help you avoid costly mistakes.

As the U.S. population ages, many families are facing long-term care issues. Some of them are “too rich” for Medicaid but can’t afford care.

Reverse-mortgage rates tend to be slightly higher than those for home-equity loans or lines of credit, according to AARP. "If you die, your heirs will need to pay off the loan's balance.