If you have equity in your home and believe you meet the eligibility requirements, a reverse mortgage may be a smart option that could provide greater financial flexibility and security.
I just so happen to have a reverse mortgage. The best thing I ever did in my life.
You get to stay in the house and that's a really good thing. Especially since you still own the house.¹
It's a mortgage, or it's a line of credit, but with flexibility. I haven't heard yet any reason why I shouldn't pick this product.
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¹ As with any mortgage, borrower must meet their loan obligations, keeping current with property taxes, homeowners insurance, maintenance and any homeowners association fees.
* This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.