One thought on “Who Can Benefit from Taking Out a Reverse Mortgage?

  1. Arti says:

    This lets you cash out all of your home equity instead of only a portion of it. The alternative to a reverse mortgage is to sell your home outright.  But you would also have to move, and moving is expensive – not to mention emotional, given you’ll be leaving your home to move to a potentially unfamiliar location. Also, you may not want to take on the financial burden of buying a new place, in which case you would have to rent or move in with relatives – options that may or may not appeal to you. If you’re considering moving out for any reason, including health concerns, then you would likely be better off selling your home instead of using a reverse mortgage.

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