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Home Equity
Home equity is the difference between what a home is worth in the current real estate market and how much the homeowner owes on it (for example, if a home’s appraised value is $225,000 and the outstanding mortgage balance is $75,000, there would be $150,000 of home equity).
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Home Equity Conversion Mortgage
When you apply for a reverse mortgage, lenders must conduct...
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Recent Articles
Who Can Get a Reverse Mortgage?
In 2021, 49,207 borrowers entered into reverse mortgages, an increase from the previous year. Reverse mortgages are becoming more popular...
What Is Home Equity?
The average price of a house in the US is $428,700 in 2022. Owning a home offers a range of benefits, and one of those is establishing...
How to Get a Reverse Mortgage
Are you nearing retirement and curious about what a reverse mortgage is? Ready to tap into your home equity? A reverse mortgage could be a...