reverse mortgage funds: 11 ways you can use your reverse mortgage funds
- 03/19/16 01:05 PM
There are many reasons why a retired homeowner would consider taking a reverse mortgage. Some people use a reverse mortgage as part of a financial plan, while others use it in the case of an emergency. There are very few restrictions on what the funds from a reverse mortgage can be used for, although, you need to be able to pay your property taxes and home upkeep apart from the funds. Overall, your funds are available to you as your own money, to do with whatever meets you need. As with any financial solution, it is important to talk to a professional … (1 comments)
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Kevin A. Guttman-Author, ReverseMortgageSpecialist
There are many reasons why a retired homeowner would consider taking a reverse mortgage. Some people use a reverse mortgage as part of a financial plan, while others use it in the case of an emergency. There are very few restrictions on what the funds from a reverse mortgage can be used for, although, you need to be able to pay your property taxes and home upkeep apart from the funds. Overall, your funds are available to you as your own money, to do with whatever meets you need.
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