Homeownership and Equity

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What to Do if You Don’t Have Enough Equity for a Reverse Mortgage

A reverse mortgage requires that borrowers have substantial equity in their homes. Here are some options if you don't have enough equity to qualify.

What Is a Shared Equity Agreement?

A shared equity agreement is a lesser known way of tapping home equity for cash. Unlike a loan, this agreement gives an investor a share of the equity in the home. Here's how it works.

Using a Reverse Mortgage to Buy a House

Yes, you can use a reverse mortgage to buy a house. Here's what you need to know about HECM for purchase loans.

Personal Loan Versus Home Equity Loan

Here’s what homeowners need to know about personal loans, home equity loans, and other borrowing options.

Reputation and Reality

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The Truth About Reverse Mortgages

The truth about reverse mortgages is that they offer many borrowers a secure way of staying in their homes as they age and filling gaps in their retirement plan.

How Reverse Mortgages Got Such a Bad Reputation

Though not merited, reverse mortgages have had a hard time shaking a poor reputation. Here's how reverse mortgages got a bad rap and why it's not true.

Why Reverse Mortgages Aren’t More Popular

Reverse mortgages have been around for decades and are safer then ever. But though they offer a viable retirement planning tool for many, they haven't caught on in the mainstream. Here are a few possible reasons why.

When a Reverse Mortgage Isn’t Right For You

Though powerful financial tools, reverse mortgages aren't right for everyone or every financial situation. Here are 7 situations in which a reverse mortgage might not be a good fit and ways to make it work.

Understanding Reverse Mortgage

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Reverse Mortgage Facts and Statistics

There is a lot of confusion surrounding reverse mortgages. Here are some facts and statistics to help you separate truth from fiction.

Reverse Mortgage Proceeds: Understanding Your Options

Reverse mortgages give borrowers a variety of proceed options to choose from. Here is a rundown of the possibilities and how each works.

What Is a Retirement Mortgage?

A retirement mortgage is any mortgage taken in retirement. Here is a rundown of the various types of retirement mortgages available.

What Is “Non-Recourse” in a HECM?

Non-recourse status is an important benefit of a home equity conversion mortgage. Here's how it works and what it offers consumers.