As a short term financing tool, reverse mortgages are an expensive proposition. However when used long-term, those expenses are spread throughout the life of the loan, makingĀ a reverse mortgageĀ a viable solution to supplement retirement income, pay off a mortgage and have extra cash available to enjoy life to the fullest without the worry of mortgage …
The Reverse Mortgage Process Explained
Picture this… you’reĀ a senior homeowner and nearly every time you go to your mail box, you get 1-5 solicitations for a reverseĀ mortgage. You keep all the postcards and letters handy in case you decide to make a decision to proceed with a reverse mortgage. You’re starting to learn a lot about the program just from …