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Reverse mortgages can help older homeowners free up cash in retirement by borrowing against the value of their home. They can ...
A reverse mortgage can offer seniors access to the funds they need, but there are borrowing restrictions to know.
Keep in mind that the borrower must still pay property taxes, fees and insurance, as well as maintain the home and live in it ...
Paying back a reverse mortgage is necessary upon death or selling the home, and there are ways to repay the funds early.
A reverse mortgage allows older homeowners to borrow against their home's equity. But, unlike the monthly payments required by a home equity loan or HELOC, the debt from a reverse mortgage is ...
The simple act of withdrawing money during the downturn not only becomes a taxable event, but it's also going to be an ...
Unlike a traditional loan, a reverse mortgage doesn't require you to make monthly payments on what you borrow. Instead, the loan balance grows over time and gets repaid when you sell your home ...
A reverse mortgage is a type of mortgage loan intended for homeowners age 62 or older with significant home equity. Homeowners can receive the loan proceeds as a lump sum, fixed monthly payment ...
current second home mortgage rates can significantly impact your finances. These rates are typically higher than primary residences due to the additional risk posed by second home ownership.
Thinking about paying off your mortgage early? Learn the pros, cons, and smarter alternatives to help you decide what’s right ...
Time seems to be running backwards at the Consumer Financial Protection Bureau (CFPB). The agency is going back in time, dismissing pending cases and even ...
Mortgage rates fell overnight after Trump announced sweeping tariffs. But will mortgage rates keep heading down?