Suze Orman Mortgage Quotations

Pay off your mortgage before retirement, and that's one less bill you'll have to worry about when you're on a fixed income.

A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.

Ignore the annual percentage rate when shopping for a mortgage.

Opt for a fixed-rate rather than an adjustable-rate mortgage.

While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home.