Should I get a reverse mortgage if I'm looking to retire in the next couple of years?
Answers | 6
Reverse mortgages have their benefits but are not for everyone. The first thing you should do is take some time to put together what your short and long term financial goals are. Based on that, my best advice to you would be to do as much research as you can on reverse mortgages. I would also take the time to learn about other loan programs available that may also meet your needs. I would be more than happy to help educate you on all of these programs in greater detail if you like. This way you can make the best decision for you and your family.
A reverse mortgage allows the borrower to borrow against the equity and receive regular payments without selling their home or making monthly payments to the lender, which can help those who are looking for additional financing to their retirements. My biggest advice is to research and learn more about reverse mortgages to see if it is right for you.