Learning how mortgages work can be confusing. We put together a brief guide focusing on where to find current rates and types of mortgages available.

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

Many Americans are retiring with less cash than they would like. But in some instances, that can be offset by unexpectedly large — yet welcome — boosts in their home values. Financial planners ...

A reverse mortgage isn’t a one-size-fits-all solution, but it’s a genuinely helpful solution for some seniors. If you’re considering moving in the near future, may need to move into assisted living or ...

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 ...

Both products are worth exploring for seniors this year. Here's how to determine which could be best for you now.

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

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, ...

A reverse mortgage isn't available for every homeowner. Typically, you'll need to be age 62 or older to qualify, leaving this option available mostly for senior homeowners. But if you meet the age ...

Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...

One of the first reverse mortgage programs had such negative ramifications that it was labeled a “black eye” for the industry. That specific program, however, is nearly as old and outdated as some of ...

Ryan Ogata has been leading the reverse mortgage division at Rate — recently rebranded from Guaranteed Rate — for roughly a year, but the division has seen notable growth during that time. According ...