Reverse mortgages let older homeowners cash out their home equity without selling their residences or taking on debt payments. However, the loans have costs and eligibility restrictions that can cause…
Author archives: Nick Gallo
Pros and Cons of Reverse Mortgages: When are They Worth Using?
Reverse mortgages let homeowners who are 62 years and older liquidate their home equity. That can be a convenient way to generate extra cash for retirees whose net worths are…