Reverse Mortgages – Why to Consider One
A reverse mortgage’s income can be used for any purpose. Examples of potential uses of funds include:
- Supplement retirement income
- Pay daily living expenses
- Cover health care costs or long-term care insurance
- Make home improvements
- Pay off an existing mortgage
- Pay property taxes
- Invest in CDs or
annuities
- Many others…
You also have complete flexibility as to how you receive funds, i.e. all up front or spread out over time.
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