Reverse mortgages allow homeowners to access the equity in their homes, receiving either lump-sum, monthly payments, or a line of credit. Homeowners receive payments up to the value of the reverse mortgage until they sell the home, move, or pass away. For many people,...
Nearly 60% of all new homeowners in America are house-rich, cash-poor, joining millions of other homeowners with limited liquid assets. As more and more people categorize themselves as house-rich, cash-poor, it’s worth taking a closer look at the unintended...
If you’re a homeowner, it’s no secret that traditional lending institutions look for a number of signifiers that you are responsible with your finances; and one of those key indicators is your credit score. Oftentimes, potential borrowers will be turned...
If you have equity in your home, there are many ways to unlock the wealth it’s accumulated. You can try to apply for a home equity loan or home equity line of credit (HELOC), but most banks make it difficult for individuals with a poor credit score to get...
If you’ve fallen behind on paying your bills and are in considerable debt, you’ve likely considered several different relief options. Many people faced with overwhelming debt choose to file for Chapter 13 bankruptcy. While this type of bankruptcy lets you keep your...
