A man who pleaded guilty of scamming seniors on the city's South and West sides in a reverse mortgage scheme was sentenced ...

While both of these products offer unique benefits to homeowners, they may not be right for everyone. Here's why each could ...

Home equity is a valuable financial resource. By definition, it's the difference between your home's value and how much you ...

Chicago businessman Mark Diamond victimized elderly, vulnerable homeowners in a years-long scheme with unfulfilled promises ...

Mark Diamond, 68, pleaded guilty to scamming more than 100 homeowners out of at least $7 million through a reverse mortgage ...

First and foremost, borrowers need to contact their servicer immediately if their home is damaged by wildfire, experts said.

More seniors are learning about reverse loans and their appealing advantages. These financial tools use houses as collateral ...

Graves: They’re especially useful as a financial reserve for emergencies, home repairs, or market downturns. For example, instead of withdrawing from investment accounts during a market dip, retirees ...

A reverse mortgage can be useful in some cases. When it comes to reverse mortgages, the first note should always be one of ...

Fairway is eyeing an expansion of its H4P business by bringing new professionals and referral sources into the fold this year ...

Anyone with equity in a home can potentially take advantage of a reverse mortgage, also known as a home equity conversion ...

Still, numerous fees can make reverse mortgages prohibitively expensive for some homeowners. One particularly onerous expense is the lender-required mortgage insurance premium (MIP). If you have a ...