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

A reverse mortgage can be useful in some cases. When it comes to reverse mortgages, the first note should always be one of ...

With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates. It feels like everything costs ...

Vice President of Growth & Engagement at CBS News and Stations Jennifer Earl is the Vice President of Growth & Engagement at CBS News and Stations. Jennifer has previously written for outlets ...

In March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates” and “note rates” and why most reverse mortgages depend on these two interest rates. In April, we ...

As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both draw from the same source — the value of your home — they work very ...

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

AAG Reverse Mortgage Review: Is It Any Good? American Advisors Group (AAG), a reverse mortgage lender, offers an option to live in your home mortgage-payment-free for a set period — but not without ...

Although some seniors can benefit from a reverse mortgage, there are pitfalls to know about. Speak to a financial advisor before committing to one. Are you ahead, or behind on retirement? SmartAsset’s ...

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 ...

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