A reverse mortgage is a type of home equity loan that allows you to convert some of the existing equity in your home into cash while you retain ownership of the property. Equity is the current cash value of a home minus the current loan balance. A reverse mortgage works much like a traditional mortgage, […]

A conventional mortgage is a type of home loan that is not insured or guaranteed by the government. It is typically offered by private lenders, such as banks, credit unions, and mortgage companies, and is secured by a borrower’s promise to repay the loan. Conventional mortgages can have fixed or adjustable interest rates, and typically […]