Tag: Reverse Mortgage

Posted on 02/21/2021

Considering a Reverse Mortgage? Read This Before You Apply

Photo by Alexander Mils from Pexels If your wealth is tied up in your home, how can you free up some cash? A reverse mortgage is available to homeowners with mostly or fully paid-off mortgages. The monthly payments, which come from the lender to you, are not counted as taxable income. But there are mortgage taxes, and interest...

Home Equity Loans

Reverse Mortgage

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Posted on 07/19/2020

Reverse Mortgages - Do I Need One?

Photo by 3D Animation Production Company via PixabayIf you’re retired, own your own home and have trouble making ends meet, a reverse mortgage may seem like the answer to prayers. You get to stay in your house and you’ll have some extra cash to see you through. Before you run to the nearest lender, however, consider the downside...

Retirement

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