We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...

Homeowners can tap into their equity and receive monthly payouts when they want to retire. Reverse mortgages make this possible and don’t require a credit score or income. A single-purpose reverse ...

When it comes to reverse mortgages, homeowners have options. A home equity conversion mortgage (HECM) may seem like the best option, but for homeowners with a high-value home or who need a lump sum ...

For many older homeowners, years of steady mortgage payments and climbing home values have resulted in a significant amount of home equity. Right now, for example, the average homeowner has well over ...