Every senior or senior couple who owns a home does not need a Reverse Mortgage. But for those who do have a need a Reverse Mortgage can be nothing short of a godsend. If you are wondering whether it is right for you then read on.

Ask yourself a few simple questions:

  1. Am I over 62?senior_beach_2
  2. Do I intend to live in my home for as long as possible?
  3. Do I have substantial equity in my home?
  4. Is my mortgage almost paid or is it paid?
  5. Could I benefit from extra income each month?
  6. Are you concerned that your retirement income won't last the rest of your life?

senior_beach_endObviously if you answered yes to the first 3 questions, and if you answered yes to most of the other questions, it is probably worth your time to explore the benefits of a Reverse Mortgage.

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