HomeEquityLoans

Reverse Mortgage: Is It a Good Bet for You?

The reverse mortgage was invented to help seniors facing economic hardship access the equity in their homes. But these loan products are complicated, expensive and ripe for abuse, which lead a reader named Fred to ask DailyFinance's Laura Rowley for some advice. Here's what she told him:

Should You Pay Off Your Mortgage Early?

DailyFinance has asked you, our readers, for your personal finance questions, and many of you have responded. One popular topic of those queries has been mortgages. Today, we reply to Ed, a 57-year-old with a small equity mortgage. Should he pay it off faster, or invest his extra money elsewhere?