Making Sense of Reverse Mortgages Information you need to make a good decision!

March 13, 2014

Filed under: Uncategorized — Scott Larson @ 2:26 pm

Goodness, life gets busy, (girlfriend moves, daughter buying a house) so I have some good content saved for you

 

Today is a blog post in Completely Senior (check it out here)  which begins

I’ve seen few things in my life as misunderstood or poorly understood as reverse mortgages, and the more I’ve learned about them, the more impressed I’ve become. In fact, I’ve come to like them so much that at 52, I’m almost looking forward to being ten years older so I can qualify.

He goes on to talk about a couple of scenarios that illustrate how a reverse can be used, when thinking outside the box, to make a dynamic difference in a retirement

His examples are
*  Buying a retirement home with the proceeds
*  Remodeling
* settling a debt (this one is a stretch, but still a good idea)

While there are a couple of issues at the end of the article (doesn’t take into account the October 1 changes to the program) it is still an article well worth reading.

 

 

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