For many retirees, rising living costs and limited income can make financial stability feel out of reach. A reverse mortgage, also known as a home equity conversion mortgage (HECM), may offer a ...

The pitch: Make your savings last as long as you do. How they work: In exchange for a lump sum, an insurance company agrees to give you a monthly check for the rest of your life or for a specified ...

For a long time, data has suggested that older Americans are the largest cohort of homeowners — and increasingly, new homebuyers — in the U.S. But the mortgage industry has had issues adequately ...

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

The advantages of refinancing a mortgage can include lowering your interest rate, changing your loan term and unlocking some home equity. The disadvantages of refinancing include closing costs, ...

Mortgage interest rates plunged to their lowest level in three years in September, and while they've ticked up slightly since the middle of the month, they now enter October at a significantly lower ...

There's been some surprisingly good news in the mortgage rate climate this year. But "could" doesn't mean definitely. And, if there's one thing homebuyers and homeowners looking to refinance can agree ...