Being creative with a Reverse Mortgage
May 25th, 2010
May 25th, 2010
Continuing the series on Reverse Mortgages, I thought it would be beneficial to note some of the creative ways seniors are using the funds received through this special loan. Most seniors use a Reverse Mortgage to help close a gap between their retirement expenses and their retirement income.
According to NewRetirement.com, these loans can help with medical expenses and also estate and retirement planning.
Medical needs met through a Reverse Mortgage:
Reverse Mortgages and estate planning:
Before making any decision that will affect your retirement planning, discuss this with a trusted Reverse Mortgage Lender and also your financial advisor.
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