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Reverse Mortgage: The Pros and Cons
Learn how to tell whether your situation makes a reverse mortgage a good idea or a bad one.
Guide to Hiring a Financial Counselor
Financial counselors help individuals and families budget, pay off debt, manage credit, set financial goals, and improve their financial health.
The Rules of a 401(k) Hardship Withdrawal
You can take funds from your retirement account for immediate and pressing financial needs. But you'll pay a price for doing so.
Should you refinance now? Which companies offer good rates? How can you lower costs and still get the amount you need? Browse Investopedia’s expert-written library to learn more.
Repayment: Definition and How It Works With Different Loans
Repayment is the act of paying back money borrowed from a lender in accordance with a loan's terms.
Lock Period Definition
A lock period is the window of time over which a mortgage lender must keep a specific loan offer open to a borrower.
Tornadoes and Reverse Mortgages
Learn what happens if you have a reverse mortgage on your home and you're hit by a tornado
Avoid These Mistakes When Selling Your Home
Learn about the most common mistakes to avoid when selling your home. Don’t put the sale at risk by committing one of these misdeeds.
How to Avoid Outliving Your Reverse Mortgage
Reverse mortgages can help fund your retirement, but make sure you select the right payment option to avoid outliving yours.
Short Refinance Definition
A short refinance is the refinancing of a mortgage by a lender for a borrower currently in default on payments.