I could live on my Social Security alone, as I wouldn’t have a house payment if I paid off the reverse mortgage.” ...

Reverse mortgage borrowers can receive funds in one of three ways — a lump sum, monthly payments or a line of credit — or a combination thereof. The amount a homeowner can borrow depends on their home ...

How does a reverse mortgage work? A reverse mortgage allows homeowners who are at least 62 to borrow money based on the ...

Boomers, your reverse mortgage could drain generational wealth—learn smart strategies to pay it off and protect your family’s financial future.

Bill Packer, COO at Longbridge Financial, talks about the ways his company is using AI to serve reverse mortgage borrowers.

Thinking about paying off your mortgage early? Learn the pros, cons, and smarter alternatives to help you decide what’s right for your lifestyle and future.

While there's no way around the high cost of retirement, there are some strategies you can try to build your savings more ...

Mortgage recasting: If you don’t need to pay off your mortgage completely but want a lower monthly payment, you might consider recasting.

More seniors are carrying mortgages, sometimes out of necessity but also positives like longer lifespans, and this trend comes with several pros and cons.

Dear Quentin, When I leave my job, would I be better off taking a $61,000 lump sum to roll over into an existing IRA or, ...

My husband is close to retirement, and we considered using our nest egg to pay off our retirement early, but it's not the best plan long-term.

I'm 75 and have a reverse mortgage. Should I pay it off with my $200K savings - and live off Social Security instead?