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

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 ...

Reverse mortgages may help older adults stay in their homes if they have equity but not a lot of savings. But what happens when the money from a reverse mortgage runs out? Imagine Veronica. She is ...

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

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 ...

This type of mortgage is ideal for many retirees because it provides flexibility and can even help them defer taking Social Security.

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new ...

Question: “I have been toying with the idea of using some of my 401(k) money to secure my mom’s house. My mom took out a reverse mortgage but exhausted her access once it reached $560,000. The home ...

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 ...

Seniors approaching retirement (ideally) have a few sources of income to draw on, including Social Security and distributions from their investment accounts. But what if that’s not enough? Some older ...

Embarking on an early inheritance strategy can work to tackle the generational imbalances caused by high home prices.