Learning how mortgages work can be confusing. We put together a brief guide focusing on where to find current rates and types of mortgages available.

A reverse mortgage can be a useful way to access the value of your home without having to sell it. This is a form of lending intended for, and typically restricted to, older households. That said, ...

In March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates” and “note rates” and why most reverse mortgages depend on these two interest rates. In April, we ...

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

Inflation continues to strain the economy and American household budgets with higher prices at the gas pump, grocery store and other everyday purchases. As a result, many are taking on extra jobs and ...

Both products are worth exploring for seniors this year. Here's how to determine which could be best for you now.

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly ...

Long-term care support and services can be costly. With the least expensive form of long-term care costing tens of thousands of dollars per year and more expensive options easily costing six figures ...

A reverse mortgage must be paid back when the borrower dies, moves out of the home or stops fulfilling the terms of the agreement, such as paying property taxes. You might choose to get out of a ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Best known for creating the 1980s title role of the ...

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this reason, I will provide a short monthly ...