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 ...

If you’re a homeowner looking for ways to tap into your home’s equity, two common options you might consider are a reverse mortgage and a home equity loan. Both allow you to use your home’s value to ...

Reverse mortgages and home equity loans both allow homeowners to tap into their home equity. However, there are key differences to be aware of, starting with the fact that reverse mortgages are ...

Longbridge cuts its proprietary reverse mortgage rate to 7.99% and raises the principal limit factor to help seniors tap more ...

These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

For many people, a house is their most valuable asset. In fact, home equity—the value of a property minus any outstanding mortgages or liens—accounted for 45% of the median net worth of U.S.

For many retirees, the challenge isn't just making their money last. It's figuring out how to access the wealth they've already built. With inflation still pushing up the cost of groceries, gas and ...

Retirement looks different now than it did for previous generations. While it was common at one point to arrive at your golden years with a robust pension, a paid-off home and enough savings to ...

Onity Group will sell $9.6 billion in reverse mortgage servicing rights to Finance of America and exit the reverse ...

Finance of America agreed to acquire the home-equity conversion mortgage servicing portfolio and certain reverse-mortgage assets from PHH Mortgage.