Another alternative to consider is a reverse mortgage, which could allow you to tap your equity while you remain in the home.

Your parents, the people who always seemed invincible, confess they're struggling to keep a roof over their heads. The house you grew up in might slip through their fingers, and now they’re ...

Currently, rates at HomeEquity Bank and Equitable Bank – the two heavyweight lenders in the space – hover around 7 per cent ...

Reverse mortgages are regularly marketed to seniors as a solution for those who want to use equity in their homes as a source of retirement income. An alternative to home equity loans or home ...

A reverse mortgage allows seniors to access cash from the equity they've amassed in their home. It can be an appealing prospect: You retain ownership of the property and the funds don't have to ...

Longbridge also offers the HECM for Purchase reverse mortgage, enabling seniors to buy a new primary residence while reducing out-of-pocket expenses. Their website features comprehensive resources ...

Chicago businessman Mark Diamond victimized elderly, vulnerable homeowners in a years-long scheme with unfulfilled promises ...

A reverse mortgage allows older homeowners to borrow against the equity they've accrued in their home. But unlike the monthly payments required by a home equity loan or HELOC, the debt from a ...

David Herron's home in North Lawndale has been in his family for more than six decades. Among other repairs, it needs a new ...

Reverse mortgages remain the pariahs of the U.S. loan world. A 2022 study published in Oxford Academic revealed there were just 33,000 reverse mortgages originated during the same year when 609,000 ...

Reverse mortgage professionals made more inroads ... A lot of times when seniors go through counseling and really take a close look at the loan, they can get confused. They may feel that they ...

Mark Diamond, 68, pleaded guilty to scamming more than 100 homeowners out of at least $7 million through a reverse mortgage ...