reverse mortgage

Pros and Cons of a Reverse Mortgage

A reverse mortgage can be an incredibly valuable retirement plan that increases retirees income streams by using their largest assets: their home. But as is the case with most things there are both pros and cons to obtaining a reverse mortgage. A reverse mortgage allows homeowners to borrow against their home’s equity, as well as maintain ownership of [...]

How Does A Reverse Mortgage Work?

Without a doubt the two most common questions that I hear in relation to reverse mortgages are “What is a reverse mortgage?” and “How does a reverse mortgage work?” A reverse mortgage, like a traditional mortgage, is a loan that’s made by the lender to the homeowner using the home as security or collateral. With a [...]

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