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 ...

For many people, a house is their most valuable asset. In fact, home equity—the value of a property minus any outstanding mortgages or liens—accounted for 45% of the median net worth of U.S.

With rising costs and high interest rates these days, home ownership can be tough for many people. This can be especially true for seniors, who may be on a fixed budget. Thankfully, there is an option ...

For many retirees, the challenge isn't just making their money last. It's figuring out how to access the wealth they've already built. With inflation still pushing up the cost of groceries, gas and ...

While reverse mortgages can help older Americans convert home equity into cash without monthly mortgage payments, vacating the home can complicate things.

The reasons some homeowners would consider alternative financing offered by these companies is that homeowners might have low ...

Promise Home Loans is a mortgage broker that connects adults who are at least 62 years old with lenders to secure home equity conversion mortgages (HECMs). It also helps qualified seniors purchase a ...

Home equity among people 62 and older reached an all-time high of more than $13 trillion late last year, coinciding with a record wave of people turning 65. That combination of housing wealth and ...

Brai is the founder of SW4 Insights, a public policy advisory firm based in Washington D.C. He has over a decade of experience as a journalist and consultant covering finance and economic policy, with ...