A reverse mortgage is a type of home loan for seniors ages 62 and older. Browse Investopedia’s expert-written library to learn about how they work and more.

Sharon Wu, a senior writer with over a decade of experience, specializes in consumer-focused content covering home and finance topics such as insurance, investments, credit, debt, mortgages and home ...

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 ...

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

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 ...

Reverse mortgages and home equity loans both allow homeowners to tap into their home equity. However, there are key differences to be aware of, starting with the fact that reverse mortgages are ...

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new ...

If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your ...

A cash-out refinance replaces your current mortgage with a new, bigger one and converts the difference between the two ...