Enter reverse mortgages, a financial product designed for homeowners ages 62 and older. Reverse mortgage flip the traditional lending model on its head: Instead of you repaying the lender ...

All reverse mortgage borrowers must complete a counseling session with a Department of Housing and Urban Development-approved counselor. During this session, you’ll learn the pros and cons of ...

Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's ...

opt to make bi-weekly mortgage payments or make lump sum payments whenever you have the means. Pros and Cons of 10-Year Fixed Mortgages While 10-year fixed mortgages can be a good choice for some ...

A longtime retirement researcher weighs in on the possible benefits of property tax deferrals for older homeowners.

Retirement advisors suggest a contribution strategy to help you reach your retirement income goal. If you've always wanted to ...

Pfau also relayed the possibility of using a reverse mortgage line of credit to weather ... including high fees on reverse mortgages, so weigh the pros and cons carefully, Pfau said.” ...

Let’s look at all the pros and cons of a HELOC. While home loan interest ... based on your total mortgage debt. You must also itemize deductions to take advantage of this write-off.