Five Pros & Cons of the Reverse Mortgage

A reverse mortgage can be a powerful financial tool for homeowners aged 62 and older, but as with just about everything, it comes with trade-offs. If you’re considering using your home equity to support your retirement, here’s a look at some pros and cons of getting a reverse mortgage. What Is a Reverse Mortgage? The…

When people hear the term reverse mortgage, they often picture something complex or risky. But for homeowners aged 62 and older, a reverse mortgage can be a safe and flexible way to tap into home equity. Whether you’re looking to eliminate your monthly mortgage payment, increase cash flow, or preserve your retirement assets, here are…