Reverse mortgages give payments to the homeowner by taking some of the home's equity and converting it into cash, according to the Federal Trade Commission. This is a type of cash advance on the equity of a home. More » Business & Finance Credit & Lending

Reverse mortgages are loans that allow homeowners to borrow against the equity in their homes. They receives monthly payments or in some cases a line of credit. Reverse mortgages don't exceed the home's equity. More »

A reverse mortgage allows individuals age 62 or older to borrow money against the equity of their home. This makes it possible to have cash available for emergencies, such as medical expenses. More »

A home equity loan allows a homeowner to receive a cash payment in return for a stake in the value of a specific property. This value is equal to the difference between a property's market value and the remaining mortgag... More » Business & Finance Credit & Lending

HOEPA loans, also called Section 32 mortgages, are mortgage refinancing or home equity installment loans that are covered by the Home Ownership and Equity Protection Act, states the Federal Trade Commission. HOEPA covers... More »

A second mortgage, sometimes referred to as a home equity loan or line of credit, provides a cash payment to the homeowner after he establishes his home as collateral for the loan, Zillow notes. The value of the cash rec... More » Business & Finance Financial Planning

According to the Federal Trade Commission, a reverse mortgage works by letting homeowners exchange some of their home equity for cash without selling the home or paying extra monthly bills. The FTC explains that with a r... More » Business & Finance Credit & Lending