A Mortgage in Reverse
If you (or someone you love) are 62 or over and have 50% equity in a home, you qualify for a Reverse Mortgage. Reverse Mortgages are enjoying unprecedented popularity -- more and more seniors are using reverse mortgages to finance the "wants" in their retirement years. And why shouldn't they? As the saying goes -- you can't take it with you.
The AARP has several articles devoted to the topic. I'll be covering some of the benefits and risks of the reverse mortgage here from time to time, so if there's anything in particular you'd like to see addressed, please e-mail me and I'll look into it.
7 comments:
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