Reverse mortgages, once viewed as loans of last resort, are slowly gaining some mainstream respect. Due to both strengthened consumer protections for these loans and an aging population that is largely unprepared to deal with the reality of retirement expenses, financial advisors are becoming more .....View full article
A reverse mortgage is a creative way to refinance your home's existing equity; if you meet the age requirements of 62 and own your home with a low payoff balance. But how do you know if one is right for you? View article..
Considering downsizing to unlock you home equity? Compare to a reverse mortgage first. I have dreams of selling, buying a Winnebago and driving off into the sunset. But then I remember that my husband is six years from retirement and my girls are still in school. OK, let's keep them in the picture and just move to a smaller house. Well, have you seen what a smaller house costs? Bungalows are going for $550K. Downsizing isn't that far down these days. View full article...
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