I overheard a friend talk about how happy she was getting approved for a reverse mortgage and was intrigued,” Marie tells ...

If you qualify, you can borrow against that equity to access cash. Three common avenues for doing so are reverse mortgages, home equity loans and cash-out refinancing. A reverse mortgage is a loan ...

But it comes with costs and risks. It’s important to understand reverse mortgage pros and cons before you sign on the dotted ...

For example, if your home is worth $500,000 and you have a $200,000 mortgage, you have $300,000 in equity. If you qualify, you can borrow against that equity to access cash. Three common avenues for ...

Requirements of a reverse mortgage Types of reverse mortgage Risks of a reverse mortgage Pros and cons of a reverse mortgage Alternatives to a reverse mortgage Reverse mortgage FAQs A reverse ...

Many people aged 62 or older are “house-rich and cash-poor.” They’re free of house debt but their income is limited. A reverse mortgage may allow some to take advantage of their house as an ...

There are many different types of mortgages available, all with different requirements, pros, and cons. Some are easier ... Specialty mortgage loans A reverse mortgage is a type of home loan ...

CNBC Select reviews Bank of America mortgage offerings, including purchase loans, refinancing, closing cost grants and more.