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Questions? Let's Talk: 877.762.4375
Many older Americans have an unrealistic view of how financially stable they will be during their retirement years. An increasing number of seniors are putting the Equity in their homes to use by applying for a reverse mortgage. Reverse mortgages allow senior homeowners, age 62 and older, to benefit from the Equity in their home allowing them to receive tax-free funds. In past years, financial advisers usually did not recommend reverse mortgages due to high fees. Recently, more financial planners are recommending reverse mortgages to their clients because of a change in product, allowing for lower upfront borrowing costs. More here
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