Reverse Mortgage Pros and Cons
Are you a senior citizen over the age of 62 that owns your own home? Is money tight, and you are wondering how you are going to make ends meet? If any of this sounds like you, you might want to consider applying for a reverse mortgage. A reverse mortgage is a loan that pays you instead of you making a monthly payment. This may seem like a good idea, however there are both benefits and potential risks of a reverse mortgage.
This article will give you some ins and outs of how a reverse mortgage works and whether or not it might be right for you.
- What are the Benefits of a Reverse Mortgage?
- What are the Potential Risks of a Reverse Mortgage?