Most lenders require a certain amount of equity to qualify for a reverse mortgage, but the exact amount can vary.

A reverse mortgage is a home loan that allows older homeowners to borrow against their home’s equity. Unlike a traditional ...

5 Facts about how a Reverse Mortgage Line of Credit Works A Reverse Mortgage Line of Credit is a prudent way to have money set aside, just in case, you need it down the road - for unexpected home ...

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo ...

Longbridge's HELOC for Seniors incorporates elements of both a traditional line of credit and a reverse mortgage. Borrowers can get approved in as little as 15 minutes for between $50,000 and $400,000 ...

When older homeowners wish to access a portion of their equity, there are multiple options. Of course, selling the home is generally not desirable. A cash-out refinance is also not a prudent pathway ...

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Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

A closed-end second mortgage is a type of home loan that allows homeowners to borrow against their home's equity while keeping their primary mortgage unchanged. This type of loan provides a lump-sum ...