At 65, she is preparing for retirement and is considering tapping into her own 401(k) to pay back the reverse mortgage.

Home equity among people 62 and older reached an all-time high of more than $13 trillion late last year, coinciding with a record wave of people turning 65. That combination of housing wealth and ...

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

As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Reverse mortgages have become an increasingly popular home equity ...

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 ...

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 ...

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, ...

At 65, she is preparing for retirement and is considering tapping into her own 401 (k) to pay back the reverse mortgage.

Reverse mortgages and home equity loans both allow homeowners to tap into their home equity. However, there are key differences to be aware of, starting with the fact that reverse mortgages are ...

With over four years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed decisions as ...