Average mortgage rates are in the low 6% range, but there are ways to snag a lower rate. Learn about eight strategies for ...

If you're holding on to your home but have bigger dreams, it's okay to sell and move on. Taking out a home equity loan (HELOC) is a lower-cost option you might also consider. If there's extra space in ...

I’m sure you’ve had plenty of clients tell you they want to pay off their mortgage. After all, being debt-free is a worthy goal, and it brings peace of mind, especially in times of economic chaos. But ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

The knowledge and use of artificial intelligence (AI) among older generations is often misunderstood and mischaracterized. But seniors are often following the path of the wider population when it ...

Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors — can ...

If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your ...

Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. If ever you want to clear out a room, start a conversation about reverse mortgages.

Dear Savvy Senior: What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living ...

While 2024 was rife with challenges for the mortgage industry broadly — across forward and reverse — a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them ...

Access your equity, remain in your home and get money for expenses in retirement Written By Written by Contributor, Buy Side Mary Beth Eastman is a contributor to Buy Side and finance expert, ...