Here’s how Fairway’s reverse mortgage for purchase works: you use your own funds to make a down payment on a new home and use ...

“Our goal when we bought this home was that when she turned 62 two years later, we would put that reverse mortgage in place and have that line of credit grow,” he said. “So, when we do turn ...

There's a strong case to be made for choosing a home equity loan over a HELOC this month. Here's what to consider.

Unlock the potential of your home equity with a reverse mortgage. Discover how this tool can help you achieve your dreams.

A refinancing replaces your existing mortgage with a new one while a second mortgage is taken out in addition to your ...

Because repayment is delayed and there are usually no credit score requirements, reverse mortgages can appeal to homeowners who are home-rich but cash-poor or who have spotty credit. But there are ...

Reverse mortgage industry professionals often aim to explain the flexibility of the product’s standby line of credit as a key disbursement option, particularly when it comes to employing a HECM ...

Homeowners can structure reverse mortgages to meet their financial needs, getting the money in a single payment, monthly installments, or as a line of credit that can be drawn upon as needed.

Last but not least, you can use your equity to better manage your debts while retired. To do this, you'd use a home equity ...

Much like a second mortgage, a reverse mortgage allows you to access your home equity paid out in a lump sum, a line of credit, or a fixed monthly payment from the lender to the borrower.

As long as the borrower lives in the house and meets specific reverse mortgage requirements, they do not have to make monthly ...