Home Mortgage Options Comparison
When you are planning to retire or already retired, there is one major obstacle to overcome. That obstacle is money, or more to the point lack of money. When your income drops as a result of hanging up your work attire permanently, you need a way to get some cash flowing in again. As a homeowner, you have one obvious option. You can take out a home mortgage. What you might not know is your mortgage options expand to include reverse mortgages when you reach age 62. The Basics of the Reverse Mortgage Solution A reverse mortgage can best be summed up as a mortgage that pays you. Instead of receiving ongoing mortgage bills, you pay the money back when you can. In fact, sometimes you can receive reverse mortgage…