A single-purpose reverse mortgage can offer retirees affordable access to equity, but there are strings attached.

A reverse mortgage is a home loan that allows older homeowners to borrow against their home’s equity. Unlike a traditional loan, a reverse mortgage doesn’t require the homeowner to make monthly ...

A reverse mortgage is a unique type of loan designed for homeowners aged 62 or older. Unlike a traditional mortgage where you make monthly payments to the lender, a reverse mortgage allows you to ...

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 ...

Retirement often brings unexpected financial challenges, from rising healthcare costs to the expense of staying prepared for the unexpected. Navigating retirement requires thoughtful planning, and a ...

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 ...

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 ...