For many older Americans, the house they’ve spent a lifetime paying off might now be their biggest source of untapped cash.

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, ...

Mortgage interest rates are consistently declining again. Here are three things homebuyers should do in response.

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 ...

The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too.

The loan would have to be paid in full, if they decide to keep the home. If they instead decide to sell, “they must repay the ...

A reverse mortgage allows older homeowners to generate cash from the equity they've earned in their homes. Unlike home equity loans or HELOCs, there's typically no credit score requirement and you ...

Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan ...

Home equity sounds like a pretty straightforward concept: it’s the portion of your home you truly own, free and clear of debt ...

Imagine this scenario: Christopher is a 72-year-old retiree with multiple medical conditions that limit his mobility. He has ...

With a reverse mortgage, you don’t make monthly loan payments. Instead, the loan balance grows over time as interest and fees ...

Mutual of Omaha’s reverse mortgage rates vary depending on your home, your age and your credit score, but you can talk to a representative to get an estimate. Apart from the interest, borrowers ...