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

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

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

As we grow older, our financial needs change. Perhaps you need a different strategy to cover your regular living expenses, or ...

Paul Fiore recently joined HighTechLending, focusing on branch growth and new reverse mortgage products, including ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

The new lender typically pays your switching costs and/or provides cash back of up to a half per cent of the mortgage amount ...

I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I've got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...

Dear Savvy Senior: Where can I get reliable, unbiased information on reverse mortgages? My wife and I are thinking about getting one but want to do some research first. - Need Money Dear Need: For ...

Community First National Bank (CFNB) provides reverse mortgage services nationwide through its Reverse Solutions division. Its licensed specialists offer guidance and help eligible homeowners access ...

Even with options in place to prevent them, reverse mortgages can end in foreclosure. But Byron Batres thinks his company can offer a solution to reduce these outcomes. Batres is the founder and CEO ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, how exactly do these senior-focused loans work for married couples, ...