Advantages of Reverse Mortgages
Lenders are mainly focused on explaining the positives of the program – since we are not a lender we can explain to you in detail all the negatives and how the affect your financial situation – this way you can really understand if the disadvantages should stop you from considering a reverse – after reading the above you should have realized that while there are negatives to the program it is a viable solution for many seniors.
Advantages of a Reverse Mortgage
1. Allows you to stay in your home and retain the title
2. Eliminates all mortgage payments
3. Enables you to use the cash any way you want
4. Funds home repairs
5. Helps pay off existing debt
6. Funds medical expenses and/or long-term care insurance
7. Helps you to enjoy additional leisure activities
8. Provides easy access to the equity you have built in your home
9. Provides funds to improve your quality of life
Advantages of a Reverse Mortgage
1. Allows you to stay in your home and retain the title
2. Eliminates all mortgage payments
3. Enables you to use the cash any way you want
4. Funds home repairs
5. Helps pay off existing debt
6. Funds medical expenses and/or long-term care insurance
7. Helps you to enjoy additional leisure activities
8. Provides easy access to the equity you have built in your home
9. Provides funds to improve your quality of life
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