That's because home equity loans and home equity lines of credit (HELOCs) — which are loans that use your home's equity as ...

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, ...

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 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 ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

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

Jury in Sean ‘Diddy’ Combs trial reaches verdict on all counts Dave Ramsey warns Americans on buying a car Ford workers told ...

Home equity conversion mortgages (HECMs), are reverse mortgages backed by the FHA. They are limited to homeowners 62 and older and, in 2025, are capped at $1,209,750.

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

Homeowners leverage their home equity through various strategies, such as HELOCs or reverse mortgages. A newer option: Shared ...

Fed rate cuts are still on the table this year, but stronger-than-expected job data will keep policymakers on hold this month ...