Reverse Mortgage
Reverse mortgages are becoming increasingly popular nowadays as they enable seniors to access their home equity while continuing to live in their homes. With a reverse mortgage, the equity contained in an older adult’s home can be used to supplement those individual’s living expenses and other financial needs. With the right lender and sufficient planning, this innovative product can provide substantial financial security for retirees down the road. Before opting for a reverse mortgage, it is important to weigh the pros and cons carefully. A qualified financial advisor should be consulted in order to assess individual needs and review costs associated with such programs. All in all, a reverse mortgage may be a great way for retired citizens to unlock the value of their homes without leaving them!