August 2015

Are “reverse mortgages” a good fit for you?  Maybe you have seen commercials touting the benefits of reverse mortgages and wonder if it makes sense for you or loved ones.  There were a lot of issues in the past with costs and unsuitable uses.  Costs have come down and you may find that there are certain circumstances that reverse mortgages can be a strategic part of your retirement plan.  There are criteria that must be met, including being at least 62 years old and owning your home outright or at least having significant equity in your home.  Call us if you’d like to learn if this can – or should – be a part of your long-term plan.