Sharon Wu, a senior writer with over a decade of experience, specializes in consumer-focused content covering home and finance topics such as insurance, investments, credit, debt, mortgages and home ...

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 ...

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 ...

Fed rate cuts may be reshaping borrowing costs, but reverse mortgages follow different rules than other loans.

Older adults face distinct financial challenges as they approach their retirement years, especially if their income declines. Fortunately, if they've gained equity in their homes, they can take out a ...

For many seniors, one of the biggest concerns when approaching retirement is what to do with their home. Two of the most common options are taking out a reverse mortgage or selling their home outright ...

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

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 ...