For senior homeowners, one viable option is a reverse mortgage, which is a unique type of mortgage that allows individuals aged 62 or older to convert a portion of their home equity into cash.

Can I lose my home with a reverse mortgage? Yes. Borrowers can lose their home to foreclosure with a reverse mortgage for several reasons. The most common source of foreclosures on a home with a ...

A reverse mortgage allows older homeowners to borrow against the equity they've accrued in their home. But unlike the monthly payments required by a home equity loan or HELOC, the debt from a ...

Learn whether you can benefit from a reverse mortgage and what to look for in a lender. Learn whether you can benefit from a reverse mortgage and what to look for in a lender. There are three ...