During times of economic difficulties, inflation can rise, and it can be challenging to get by on a fixed income. If you are a senior homeowner with sufficient equity, however, you can apply for a reverse mortgage. Here is how this special type of lending product can help. Apply for […]
Signs a Reverse Mortgage is Right For You
A reverse mortgage is a loan product for seniors that lets you borrow against the equity in your home. You can receive the funds from a reverse mortgage as a lump sum, in installments, or as a line of credit, and spend them however you want. Like any lending product, […]
Benefits of a Reverse Mortgage
If you want to increase your income while staying at home during your golden years of retirement, you should consider taking out a reverse mortgage to borrow against your home equity. Here are some good-to-know benefits of a reverse mortgage. What is a Reverse Mortgage? If you’re at least 62 […]