A reverse mortgage can help eliminate remaining mortgage payments. Paying off an existing home loan with a reverse mortgage ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

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

Dear Savvy Senior: What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living ...

A mortgage is a loan used to purchase or maintain real estate, including houses and commercial properties. A buyer repays the ...

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 ...

"I think a real good rule of thumb is don't touch the equity in your home unless you need it. And if you are 62+ and you are limited on income, we need to create income to offset Social Security.

A reverse mortgage can be a lifeline for cash-strapped homeowners. But, borrowers should consider the risks, including high fees and the potential for foreclosure.

Buying a home will probably be the largest financial transaction in your life, and almost certainly one of the most complicated. Three-quarters of homebuyers take out a mortgage to finance their ...

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

For many retirees, their home represents their largest financial asset, often containing hundreds of thousands of dollars in home equity built up over decades of ownership. And, with questions ...