MORTGAGE PAYMENT

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Here’s a compelling reason to take a reverse mortgage ahead of retirement

Feb 15, 2019By

A reverse mortgage isn’t a good fit for everyone, but for older homeowners with sizable equity and no intention of moving, the loan can make sense. And here’s one compelling reason why: When a homeowner over the age of 62 refinances their traditional mortgage into a reverse mortgage, they can make their mortgage payments optional. For those who are on the brink of retirement and staring down the barrel of a limited, fixed income, this could make all the difference.

3d rendering of a row of luxury townhouses along a street

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