Is a Reverse Mortgage Right for You?
Lately, there is a lot of curiosity and skepticism regarding reverse mortgage products that are on the market. We see commercials on TV featuring celebrities who tell us what a great thing this is.
Seniors over the age of 62 can use a reverse mortgage to access the equity in their current home, and in many cases they can also use the reverse mortgage to purchase a new home.
Many older adults who currently have reverse mortgages are taking advantage of the improving housing market and are liquidating their primary residence in search of senior living communities.
Also, as some older adults choose to age-in-place as long as they can, they often use a reverse mortgage to make necessary home modifications.
While this is some basic information regarding reverse mortgages, there are many other considerations. If you are wondering if a reverse mortgage is right for you, contact me and I will help you find the answers.
As always, I am here to help.