Back in mid-June, I sent in an additional principal payment in the amount of $2,500 to be applied to my mortgage. I figured that since the stock market has been so slow recently, I might as well put my money into something that may give me a solid return (by making that single payment, I’ll [...]

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A reverse mortgage is a loan that allows senior homeowners (62 years or older) to convert the equity in their homes into tax-free income without having to sell or make new or larger monthly payments. The reverse mortgage got its name because the payment stream is “reversed”, so rather than making payments towards a loan, [...]

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