Common Questions about Reverse Mortgages
A reverse mortgages is available to homeowners age 62 and older to borrow against their home’s equity without having to make monthly mortgage payments.
A reverse mortgages is available to homeowners age 62 and older to borrow against their home’s equity without having to make monthly mortgage payments.
It is a familiar and relatable scenario for many seniors in this country, housing costs has gone up along with everything else.
Studies show that many older Americans face the looming possibility of foreclosure or eviction.
For seniors who need income in retirement, or for those facing unexpected changes in finances, a reverse mortgage might seem like the way to go. TV, radio and internet advertisements stress the attractiveness of reverse mortgages, promoted as a handy way to use home equity to free up funds. Retirees might be tempted to tap into the […]
