Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan ...

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, ...

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

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 ...

For many older Americans, the house they’ve spent a lifetime paying off might now be their biggest source of untapped cash.

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 ...

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

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

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.

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

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