Reverse Mortgages

Personal Loans

You can take out a personal loan for just about anything, but that doesn’t mean that you should. Find out if this is the best choice for your financial situation and create a payoff plan before you borrow.

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Before taking out a loan, it’s important to do your homework. Make sure you’re getting the best terms and rates by reading expert advice on GOBankingRates before you take out a loan you can’t afford.

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Student Loans

Millions of Americans are saddled with student loan debt. GOBankingRates is here to help you pay off those loans for good so you can take control of your finances and can enjoy your life free of debt.

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There’s good debt and then there’s bad debt. Learn the difference between the two and find out how to take control of the bad debt that’s plaguing your bank account. GOBankingRates provides expert advice on paying it off for good.

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More in Reverse Mortgage Mortgage Loans


Understanding Reverse Mortgages

Some retirees sell their homes and move to less-expensive locations, but if you're determined to stay in your home, there are financial options available to you. One of those options is a reverse mortgage.

A reverse mortgage can provide you with the cash you need without selling your property. If you’re 62 or older, you might qualify for a loan that enables you to convert part of your equity into cash. A reverse mortgage can be a good option for cash-strapped seniors, and one of the best features is that you don't have to repay this loan for as long as you live in the house.

Use your home’s equity for a variety of purposes: pay off debt, make home improvements or keep the money as a cash cushion. If you feel this option is right for you, GOBankingRates can help you find the best type of reverse mortgage.