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 ...

The “Cephas bill” aims to protect seniors from predatory lending and preserve generational wealth through required in-person ...

Canada’s mortgage market is changing all the time, but we keep track of the best rates. Bookmark this page to find the best ...

A reverse mortgage lets you stay in your home and avoid the costs and disruption of moving, but the repayments over time can start to add up.

The nation has gone past the crunch point and is “already in the middle of a pension crisis” and the best solution is to set ...

CNBC Select outlines how homeowners can increase their home equity by paying down their mortgage and making improvements on ...

Imagine this scenario: Samantha is retired at 69, but a few years back she took out a reverse mortgage. Now, she’d like to be done with it, especially since the loan comes with a hefty interest ...

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

For example, today’s average rate for a 10/1 ARM is 6.42%, according to Bankrate — or nearly 30 basis points lower than the rate for a traditional 30-year fixed mortgage.

The Trump Administration has done a remarkable job so far working to reverse many of the worst consumer policies and rules ...

Retirement Shouldn’t Be Scary. Retirement should be a time of peace, not panic. However, for seniors with a reverse mortgage (also known as a Home Equity Conversion Mortgage or HECM), the ...

PIMCO CEFs offer high yields and stable distributions, but their portfolios are heavily tilted toward lower quality fixed ...