Reverse Mortgage Exit Strategy: Tips on How to Get Out Safely
Living out your golden years in comfort and security is a dream for many. Accessing the equity trapped in your home as tax-free cash to supplement your retirement – it sounds like a financial fairy tale. But like any magical tale, there’s often a hidden wrinkle in the fine print. And when it comes to reverse mortgages, that wrinkle can be a doozy: what happens when you need to leave? Understanding Your Reverse Mortgage Unlike traditional mortgages where you chip away at a debt, a reverse mortgage flips the script. It allows homeowners aged 62 or older to access a
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