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.
With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...
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 ...
A HELOC will generally be better for more homeowners in 2025 for a simple reason: it doesn't come with the same age restrictions that a reverse mortgage does. But that's not the only reason why it ...
It’s called the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage. Let’s dig into this ...
In chapter 10 of "Inheriting Your Spouse's IRA," author Bill Harris outlines the strategic uses of a reverse mortgage. Reverse mortgages are a type of home loan available to homeowners age 62 and ...
See below for links to the other articles in the series. The subject of reverse mortgages is often met with skepticism from clients. A person going through a late-life divorce might even be ...