We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. This timing couldn't be better, either, as this year has ushered in ...

Refinancing is better for people who want to lower monthly payments, while reverse mortgages give cash flow to seniors who want to stay home. While people often lump a reverse mortgage and refinancing ...

Americans are living longer, and for many retirees, that's a double-edged sword. While more years can mean more time with family and friends, and the freedom to enjoy retirement, it also means ...

Access your equity, remain in your home and get money for expenses in retirement Written By Written by Contributor, Buy Side Mary Beth Eastman is a contributor to Buy Side and finance expert, ...

A reverse mortgage is a type of home loan for older homeowners. Unlike traditional mortgages, they don’t require homeowners to make monthly payments. Instead, the borrower receives payment from the ...

You may not qualify for a reverse mortgage if you have bad credit, lack sufficient income, do not meet the age requirements or have missed tax or insurance payments. Many seniors use a reverse ...

Reverse mortgages allow seniors to borrow against their home equity. If the borrower dies, a reverse mortgage falls to their ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...