A reverse mortgage is a home equity product that allows home owners aged 55 years and older to access up to 55 per cent of the value in their home. Home owners can choose to receive the money…
Sell and leaseback programs, which allow a homeowner to sell their house but continue living in it under the new owner, give Boomers the chance to tap into equity and stay in the family home. Sounds like a win-win situation – but is it a good idea?
Today is Black Friday 2014 – are you ready to hit the mall? Check out our top tips for cashing in on this mega shopping event – plus, catch up on the week’s headlines.
Reverse mortgages can be a costly way to use your home’s equity – but what about when they’re the only option? This dilemma was faced by our retiring couple case study. Read on to see how they addressed their income issue.
What are reverse mortgages and how do they work? Many baby boomers turn to this finance product to free home additional cash – but that debt comes at a price. Here’s what you need to know.
Should you take out a HELOC on your home to fund your retirement plan? For some, it’s a good option – but understand the interest and pay back realities.
Downsizing to a smaller home or condo can be an effective way to free up equity, but it’s not always the right route. If you’re a boomer looking to cut corners, but can’t bear to part with the family home, consider these options.