Is a Reverse Mortgage Home Loan Right For You?
Reverse mortgage home loans are looking more and more attraction for retirees who may not have saved as much as they wanted.
Before considering the reverse mortgage, you should assess your finances. Use income projection tools to see whether or not the funds will benefit you.
For these, you do not need to have an income or credit to qualify. You just need enough assets and income set aside to cover things like property maintenance, taxes and insurance.
Image via Flickr/Tax Credits