I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I've got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...

At 65, she is preparing for retirement and is considering tapping into her own 401 (k) to pay back the reverse mortgage.

A home-equity conversion mortgage, also called a reverse mortgage, lets homeowners age 62 or older borrow against some of their home equity. You can use the money for just about any reason, including ...

Reverse mortgages can be a versatile tool in many retirees’ arsenal, helping to bridge the gap when Social Security and savings aren’t quite enough on their own. A chief benefit of reverse mortgages ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. mixetto / Getty Images You might prefer to pay off your ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But like most financial tools, there are also complexities and potential ...

As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both draw from the same source — the value of your home — they work very ...

At 65, she is preparing for retirement and is considering tapping into her own 401(k) to pay back the reverse mortgage.