Retirees often struggle to operate on a fixed income — but today's economy, with its rising prices and increasing costs of living, makes things even harder. Fortunately for homeowners, there are ...

Reverse mortgages are specialized home equity loans for homeowners age 62 and up. A reverse mortgage gets its name because instead of the homeowner making payments to a lender, the lender makes ...

Using a home equity loan to buy a second home after rates were cut could make sense for some homeowners. Here's why.

If you’re a homeowner looking for ways to tap into your home’s equity, two common options you might consider are a reverse mortgage and a home equity loan. Both allow you to use your home’s value to ...

Homeowners have multiple avenues to look into if they want to tap their home equity. A home equity line of credit (HELOC) is one such tool, and while this line of credit offers flexible financing, it ...

Community First National Bank (CFNB) provides reverse mortgage services nationwide through its Reverse Solutions division. Its licensed specialists offer guidance and help eligible homeowners access ...

In rare cases, a personal loan can be used to buy a home. For example, it can work for a tiny home or other low-cost property. You could also use one for an all-cash purchase, which has fewer ...

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 ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

Longbridge's HELOC for Seniors incorporates elements of both a traditional line of credit and a reverse mortgage. Borrowers ...

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 ...

If you're shopping for a high-priced home, you might find that you're ineligible for traditional loan options. That’s where ...