Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. A ...

With rising costs and high interest rates these days, home ownership can be tough for many people. This can be especially true for seniors, who may be on a fixed budget. Thankfully, there is an option ...

Lora is a freelance contributor to Newsweek’s Vault team, specializing in articles on saving, investing, borrowing and making money. Lora has a master’s degree in library science, and is based in ...

Reverse mortgages have become a popular financial planning tool for seniors looking to leverage their home equity to support their retirement. These loans allow homeowners aged 62 and older to convert ...

The Home Equity Conversion Mortgage for Purchase may be a cost effective way for seniors to both obtain a reverse mortgage and buy a new home in a single transaction, however, very few aging ...

If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more. A reverse mortgage isn’t ...

ORANGE COUNTY, CA, UNITED STATES, December 27, 2024 /EINPresswire.com/ -- As seniors seek innovative ways to enhance their retirement planning, the Reverse Mortgage ...

As noted by the most recent tabulation conducted by the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan, homeowners aged 62 and older saw their collective ...

Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn’t have to be paid back until they die, sell or move out. That sounds good to a ...