Even after you’ve paid off your home, you can still borrow against your home’s equity. There are several ways to tap your equity when you’re mortgage-free, including with a home equity loan, HELOC or ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. A ...

Roughly 80% of Americans over 62 own their home, and the Federal Reserve estimates their average equity tops $300,000. Yet ...

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 ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It’s an unfortunate thing that many seniors reach ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Seniors approaching retirement (ideally) have a few sources of income to draw on, including Social Security and distributions from their investment accounts. But what if that’s not enough? Some older ...

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Homeowner reviewing her mortgage statements while deciding if she can sell her home. Selling a house with an unpaid mortgage might seem like a daunting and confusing financial challenge. In reality, ...

Question: “I’m a teacher, my husband is a truck driver. We have no debts except for a student loan balance of $14K. We both have our retirement plans matched by our companies — and this year will ...