For many older homeowners, years of steady mortgage payments and climbing home values have resulted in a significant amount of home equity. Right now, for example, the average homeowner has well over ...

If you're like many retirees, your home equity represents one of your largest stores of wealth. While many homeowners turn to home equity loans and lines of credit (HELOCs) to unlock their home's ...

How does a reverse mortgage work in Canada? An elderly couple happily engaged in a mortgage meeting with a banking specialist. Did you know that over 25% of Canadians aged 55 and older are considering ...

Reverse mortgages are specialized home equity loans for homeowners age 62 and up. A reverse mortgage gets its name because instead of the homeowner making payments to a lender, the lender makes ...

Making ends meet isn't always easy during retirement, especially in today's unusual economic climate. Part of the issue is that seniors' debt levels have increased threefold in the last 35 years, ...

Editor’s note: This is part seven of an ongoing series throughout this year focused on helping older adults navigate the financial difficulties of gray divorce. See below for links to the other ...

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it ...

Did you know that over 25% of Canadians aged 55 and older are considering a reverse mortgage? With home values skyrocketing across the country, homeowners nearing or already in retirement are ...