A mortgage free retirement is ideal for most people. Fixed income means budget restrictions for most retired people wanting their funds to last. One method of retirement income protection and generation is a reverse mortgage. Many people approaching retirement know about using a reverse mortgage on their home to tap home equity, but they didn’t know that they can use a reverse mortgage to buy a home.
This scenario is ideal for people who already have paid off a mortgage but want to relocate and/or move into a smaller home. … (0 comments)
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Kevin A. Guttman-Author, ReverseMortgageSpecialist
What if a 50 Percent Down Payment Meant No Mortgage Payment in Retirement?
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