Reverse Mortgage: The Pros and Cons

Reverse Mortgage
Reverse mortgage: The Pros and Cons

Reverse mortgages can offer extra cash for seniors, but there are drawbacks. Learn what you should take into consideration before taking out a reverse mortgage.

Seniors are feeling just as cash-strapped as the rest of Americans right now. Many have lost a good portion of their retirement fund in the stock market collapse, some have lost their jobs, and others are feeling the pinch of rising health-care costs.

The idea of tapping into your home equity through a reverse mortgage can sound appealing, but it isn't right for everyone.

Read More About: The Pros and Cons of Reverse Mortgages

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