Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

A reverse mortgage, also known as a home equity conversion mortgage HECM), is a home loan designed for homeowners aged 62 and older who want to take advantage of the equity they’ve accumulated in ...

Homeowners have multiple avenues to look into if they want to tap their home equity. A home equity line of credit (HELOC) is one such tool, and while this line of credit offers flexible financing, it ...