Your home equity is the market value of your home minus any outstanding debt on your property — including primary mortgages ...

What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

Darcy Ungaro is an authorised financial adviser and the host of the NZ Everyday Investor podcast. A reverse mortgage converts home equity into spending money for retirees, offering flexibility but ...

Longbridge Financial introduces AI voice agents for reverse mortgage servicing, expanding 24-7 support and streamlining ...

Timing is everything, and when it comes to making financial decisions, it can be the difference between success and failure. For many seniors and older homeowners, many of whom are tied to limited ...

As we grow older, our financial needs change. Perhaps you need a different strategy to cover your regular living expenses, or an unexpected expense crops up. If you’re a homeowner, your home’s equity ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

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

Dear Savvy Senior: What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living ...

Dear Annie: With reference to a recent column in which the reader said she had lost her home to a reverse mortgage, there are two primary ways this can happen, and I want to explain how to avoid this ...

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

While reverse mortgages in the U.S. have struggled to push beyond their current market penetration rate for the past several years, their international equivalents don’t always have the same ...