ENHANCE YOUR RETIREMENT LIFESTYLE
The right reverse mortgage for you can open up new possibilities like might be able to stay in your home, in-home assistance, and more flexible arrangements with your children… with true independence and peace of mind!
Reverse Mortgages Advantages
More and more seniors are choosing reverse mortgages to secure their golden years. Reverse mortgages can help meet their requirements and needs.
Here are some of the examples:
They are living longer and outliving their incomes
They want to improve their monthly cash flow
They want to make sure their spouse can remain in their home
They have increasingly higher medical and prescription drug costs
They do not want to be a burden on their children and want to live independently
They want to pay off current mortgage loans
They want to provide for their grandchildren’s education
They want to travel and enjoy life
They want to fund in-home assistance
Reverse Mortgages Risks
While there are many advantages of a reverse mortgage, you should be aware of its risks such as:
Having a reverse mortgage is using the equity of your home, you must continue paying property taxes,
insurance and maintain your home.
Having a reverse mortgage is spending your children's inheritance.
Possible unseen issues from using the equity in your home.