The Truth About Reverse Mortgages
Jun 5, 2023
Uncover the truths about home equity that can help you meet your needs today and in the future without repaying the loan monthly.
- Truth #1: You still own your home and are free to sell it anytime.
- Truth #2: Your heirs aren’t responsible for debt if your house depreciates in value.
- Truth #3: You don’t need a mortgage to qualify.
- Truth #4: You can use your home equity however you want.
- Truth #5: There’s no monthly mortgage payment.
- Truth #6: Reverse mortgages are a strategic tool to increase cash flow
- Truth #7: Less than 1% of CFPB complaints were for reverse mortgages.
- Truth #8: You can use a reverse mortgage to purchase a new home.
Reverse mortgages aren’t for everyone, but it might be right for you. Contact me to discuss your options.
