Here's a compelling reason to take a reverse mortgage ahead of retirement

Here's a compelling reason to take a reverse mortgage ahead of retirement
A reverse mortgage isn’t a good fit for everyone, but for older homeowners with sizable equity and no intention of moving, the loan can make sense. And here’s one compelling reason why: When a homeowner over the age of 62 refinances their traditional mortgage into a reverse mortgage, they can make their mortgage payments optional. For those who are on the brink of retirement and staring down the barrel of a limited, fixed income, this could make all the difference.
Source: https://www.housingwire.com/rss