Leslie Cook - Profile and Journalist Details
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Leslie Cook
Verified
Lead Mortgage Reporter, Money
Beats
Big Tech VC. startups
Court and Sports
Content
By Aly J. Yale Verified, Leslie Cook Verified| Money Verified * Rates and APRs are subject to change. All information provided here is accurate as of April 16, 2025. One of the biggest perks of owning a home is the equity it allows you to build. When you sell, that equity translates to profits. But you can borrow from that equity while still living in the home, too — using it to pay for home repairs, unexpected medical bills, or even to consolidate higher-interest debts, like credit cards.
By Aly J. Yale Verified, Leslie Cook Verified| Money Verified Reverse mortgages are financial products meant specifically for homeowners aged 62 and older, although in some cases, the minimum age can be as low as 55. You can take out some of the equity you’ve built up in your home and use the cash for any purpose. There are no monthly payments due, which means you don’t have to worry about a strict repayment schedule if you’re on a tight budget.
By Aly J. Yale Verified, Leslie Cook Verified| Money Verified * Rates and APRs are subject to change. All information provided here is accurate as of April 16, 2025. One of the biggest perks of owning a home is the equity it allows you to build. When you sell, that equity translates to profits. But you can borrow from that equity while still living in the home, too — using it to pay for home repairs, unexpected medical bills, or even to consolidate higher-interest debts, like credit cards.
Company Info
Money
Money is committed to helping readers take charge of their finances and their futures. We provide advice about all aspects of people's financial lives: jobs, savings, investments, spending, real estate and retirement.
New York, New York, United States
+1 855-540-3614
Founded: 1972