The Advantage Of Reverse Mortgage Financing Of A New Home

The Advantage Of Reverse Mortgage Financing Of A New Home

What do Henry Winkler, Robert Wagner, and Former Senator Fred Thompson have in common? They’re all pitchmen for government insured reverse mortgages. If you’re over 62, a reverse mortgage is a financial tool that allows you to convert the equity in your home to money you can use in one of several ways; a stream of income, a lump sum payment, or a flexible line of credit. However you may not know that there is another way to use a reverse mortgage other than as an option to get money from your existing home. You can also use a reverse mortgage to purchase a home as well.

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Dated: March 2nd 2016
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