Three Things to Know About Reverse Mortgages
One of the retirement-planning resources that has gained interest in recent years is the reverse mortgage. A reverse mortgage allows you to convert part of the equity in your home into cash without paying additional monthly bills. If you’re age 62 or older, and want money to pay off your mortgage or pay for other expenses, consider a reverse mortgage. If you decide to look for one, The New Jersey Society of Certified Public Accountants (NJCPA) suggests you ask your financial advisor these three questions so that you can decide if a reverse mortgage is right for you:
This post was imported from a legacy archive. Please excuse any formatting inconsistencies.