Pros and Cons of a Reverse Mortgage
By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
The Pros and Cons of Reverse mortgages You are now retiring or have already retired, and you are reviewing your finances. Learning how to live within your means has become increasingly challenging for many homeowners today. Deciding to take a part-time position to earn additional income is one solution. Thinking about working puts a knot in your stomach, and it’s not the most desirable solution for you. Maybe you have health issues that prevent you from working or you are not in the mood mentally to consider a job once again. Enjoying one’s retirement has its challenges, whether financial or health-wise. You thoroughly enjoy where you reside and are not interested in moving somewhere else that could lower your expenses. You need to decide how you will manage your daily and monthly expen...
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