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

As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both ...

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 ...

Do you need to access equity in your high-value home? If the house is your primary residence and you're over age 62, you're in luck. You could get a proprietary reverse mortgage and access equity from ...

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 ...

CrossCountry Mortgage tops this list because it offers many loan types, including conventional and government-backed. One of its best features is that it is fast at closing loans, getting you your ...

A reverse mortgage is a loan, and an annuity is insurance Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the ...

Lehman Brothers lives in U.S. reverse mortgage history. The Federal Housing Administration’s (FHA) home equity conversion mortgage (HECM) has had Fannie Mae’s deep pockets as a secondary market source ...

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. Longbridge Financial largely sees ...

PHH Mortgage, a subsidiary of Onity Group Inc., has introduced a new proprietary reverse mortgage product called EquityIQ®, available through its wholesale network under the Liberty Reverse Mortgage ...

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

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Doretha Clemons, Ph.D., MBA, PMP, has been a corporate IT executive and professor for 34 ...