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

Tapping into home equity, particularly for people in or near retirement, can be challenging — especially for those who may have a pressing need. Traditional equity-tapping methods — such as selling ...

In the past, the general consensus among financial planners was that a reverse mortgage was a horrible option, but now with reverse mortgages being safer and cheaper than ever, people are changing ...

As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both ...

David Hill is an experienced journalist who has been reporting and editing for daily newspapers for more than two decades. His coverage areas are primarily business and local economic news, with a ...