Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income.
With The Complete Guide to Reverse Mortgages, you'll learn all you need to know to earn the supplemental income you need, without worrying about:
- Having to sell your home- Giving up your title
- Taking on a new monthly mortgage payment