Although the contraction is modest, it may still have effects for people approaching retirement or relying on a fixed income.

The most common type of reverse mortgage is the government-backed HECM Reverse mortgages don't require monthly payments The downside is that your equity decreases as your debt increases If you’re 62 ...

A home equity loan is a lump-sum loan secured by the paid-up portion of a home, the amount left over once the mortgage balance is subtracted. Nonprofit organizations such as AARP have toll ...

Mortgage rates climbed higher toward 7%. The average rate on the standard 30-year fixed mortgage was 6.72%, according to a survey of lenders released Thursday by the mortgage-finance firm Freddie Mac.

More older adults are carrying debt into retirement. Here's why that's a problem and what you can do to ensure financial ...

You can find her jogging through Austin, TX, or playing tourist in her free time. Mortgage rates can change multiple times a day, sometimes even hourly. These changes can affect the interest rate ...

Rather than waiting for rates to drop, buyers should be looking at all monthly costs to get a picture of what they can afford, says NAR’s deputy chief economist. CHICAGO — Home buyers may need to ...

The bank’s reverse mortgage and CMHC-insured apartment lending portfolios ... noting that loan renewals at lower rates and more efficient resolution efforts should help improve performance through the ...