If you are considering a reverse mortgage, or researching one for a parent, friend, or client, we suggest you educate yourself on some of the most important features of the line of credit. A reverse mortgage line of credit used in the right way can be a valuable financial planning tool.
A reverse mortgage can be used by anyone that is 62 years of age or older. That’s a large segment of the population, and one with many different needs. It is hard to generalize about the specific needs of a certain age range because one never knows how long they will live, but it’s safe to say that using a reverse mortgage to fill an immediate financial need is commonplace. Continue reading
In this space, we’ll attempt to explain some of the intricacies of the reverse mortgage and keep you up to date with what his happening in this small part of the mortgage world. We’ll also discuss some general topics that are focused on aging, health, travel, etc. that you might find useful in your day to day life.
Our goal is to educate our readers about reverse mortgages so that they can make well-informed decisions when considering a reverse mortgage. We love feedback, so we encourage you to share your thoughts on our posts or other matters. If you have a reverse mortgage topic that you would like to see discussed, please contact us.