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Tag Archive: how do reverse mortgages work

Are Reverse Mortgages Good for Retirement Income?

Are Reverse Mortgages Good for Retirement Income?

You may have heard of a reverse mortgage or seen advertisements about the benefits of a reverse mortgage.  Basically a reverse mortgage is a loan on the equity of your house.  Reverse mortgages are clearly not meant for wealth building or asset protection and should not be considered a wise investment strategy.  Think of a reverse mortgage like a pawn shop for your home’s equity and the pawn shop allows you to continue living in your house.  In order to get the equity back you...

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