Reverse mortgage pros and cons: What every senior should know
Key takeaways
If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more.
A reverse mortgage isn’t free money: The borrowing costs can be high, and you'll still need to pay for homeowners insurance and property taxes.
Reverse mortgages can also complicate life for your heirs, especially if they don't want the home or... Читать дальше...