REVERSE MORTGAGE VS. A TRADITIONAL MORTGAGE
Understand a Reverse Mortgage can be difficult. Our experts answer any questions regarding the benefits of a Reverse Mortgage.
Although there are numerous factors to consider, it usually comes down to how the homeowner wants to spend their monthly income – on themselves and their loved ones in the coming years or provide a greater inheritance upon their death.
Their earnings can be allocated to their standard mortgage payment, thereby lowering their existing loan and creating more equity for their heirs.
Alternatively, a reverse mortgage would eliminate the monthly mortgage payment and provide cash flow to improve the quality of life. That additional monthly cash can make the difference between the borrower being able to stay in the property comfortably or barely getting by.
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