A reverse mortgage can be a way for homeowners age 62 or above to access much-needed funds. It allows you to borrow against your home's equity to provide extra cash in your retirement years, which you ...

This type of mortgage is ideal for many retirees because it provides flexibility and can even help them defer taking Social ...

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

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

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. A reverse mortgage ...

Reverse mortgages can be a great way for retirees to tap the value of their homes while continuing to live there. But the program has been changed somewhat by Congress. Matt Sivertsen, a senior ...

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

Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned indirectly by Fox Corporation. The Fox Money content is created and ...

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 ...

In the May 2024 reverse mortgage rates report, we discussed how reverse mortgage borrowers might benefit from higher interest rates over the life of the loan. While this is counterintuitive, one must ...

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