Reverse mortgage loans allow homeowners age 62+, access the equity in their homes while still retaining the title of the home. Borrowers can use the extra income to pay for health care expenses, home repairs or remodels, travel or just to make ends meet through retirement. Homeowners must have significant equity in their home and must continue to pay taxes, property insurance and homeowner’s...

Each month Bankrate1 surveys Americans about how secure they feel about their personal finances compared to the previous year. This year, from August 7th through the 10th, the survey included 1,003 adults living in the United States. The participants were contacted by Princeton Survey Research Associates International to give their opinions on their financial state. When asked about the age they...

With the many commercials on television about accessing home equity. Questions are bound to come up about the legitimacy, requirements and cost of the various loan types. This article will address the differences amongst the most common home equity borrowing options. Although each loan type relates to borrowing home equity. There are important differences to consider. Home Equity Loan A home...

Reverse mortgage loans can be excellent financial tools for homeowners over 62 who have significant equity in their homes. The loan does not become due until the borrower passes away or no longer lives in the home full time. The home needs to be maintained and borrowers will continue to pay insurance and taxes for their home. For many seniors who are ready to tap into the equity they have built...

According to a 2011 AARP study, 90% of adults over age 65 want to stay in their home for as long as possible, but many end up moving to senior living communities.1 However, there are three specific models that may help seniors remain in their homes longer, especially if they have increasing health needs. Implementing technology in the lives of seniors can be a beneficial tool for seniors to...