With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...

See how we rate mortgages to write unbiased product reviews. A reverse mortgage is for homeowners age 62 or older who want to tap into their home equity. The lender pays you money based on how ...

A reverse mortgage is designed to let seniors aged 62 and older tap into their home equity for more income without losing their home. Many reverse mortgage scams — carried out by unscrupulous ...

One option for cash-strapped seniors is a reverse mortgage, which allows homeowners older than 62 to receive payments from equity in their homes until they sell the home or die. We’ll break down ...

To protect yourself from potential fraud, it's vital to know what to look for when evaluating a reverse mortgage offer. By knowing some of the common red flags, you can arm yourself against ...

Before signing on the dotted line it helps to take a closer look at reverse mortgages versus cash-out refinances, how they work and who they might benefit the most. Explore your mortgage refinance ...

If you have significant home equity, a reverse mortgage may be a way to bring in some extra cash. These products allow you to borrow money from a lender against your home equity, bridging the gap ...

Given that, is relocating to a more practical space often the better call than staying put and tapping home equity via a reverse mortgage? Don Graves: It all depends on what the client wants to ...

Learn more about it. A reverse mortgage and home equity loan both allow homeowners to turn their home equity into cash, but each has different requirements, advantages, and disadvantages.

A reverse mortgage is one solution to this problem. Instead of making mortgage payments to their lender, homeowners can relinquish their home’s equity back to the lender in exchange for payments ...