Like many retirees, are you dealing with the following:
- Still making monthly mortgage payments.
- House is paid off but still do not have enough money to enjoy retirement living.
- Combination of beforementioned items.
Well then, you should check and see what a reverse mortgage could do for you. There is good reason for the record number of people taking out a reverse mortgage in 2020 and continuing into 2021.
Here are a few things that you might be able to benefit from:
- Eliminating your monthly mortgage payment.
- Take some cash out to pay off debt.
- Use the funds to do some much-needed home improvements.
- Set up a line-of-credit to use in the future if you need it.
- Combination of the beforementioned items.
The reasons to do a reverse mortgage are many. Let’s have a conversation and see what your options look like.
There is never any pressure from us… just information and knowledge. You will never know what you don’t know. So, let’s take a look and see.
