What Are the Benefits of a Reverse Mortgage?

Reverse mortgages are skyrocketing in popularity as seniors become more familiar with the benefits of this federally-secured program. When you take a Reverse Mortgage, your Social Security and Medicare benefits are unaffected and you will still retain the title to your property.

In addition to the obvious advantage of increasing your monthly income and taking advantage of built-up equity, a reverse mortgage is ideal for seniors who want to:

• Support a paltry social security income.

• Live in a home where you're comfortable, rather than to downsize or burden relatives.

• Retire from work, finally!

• Take advantage of skyrocketing real-estate values and low interest rates.

• Help your spouse afford expenses in the event that he or she outlives you.

• Prepare for an uncertain future with an emergency cash fund.

• Reduce the impact of estate taxes.

• Make up for poor stock market performance or low savings account interest rates in retirement accounts.

• Free up money to avoid a foreclosure.

• Fix up their current homes.

• Take the vacation you’ve always dreamed of. 

All the money you receive will be tax-free, and you won't have to make any monthly mortgage payments.

For more information and an expert referral to a qualified reverse mortgage professional: