Don’t forget that when that house eventually sells that money has to be paid back. It’s not a total free ride at all. Some seniors think that they can then sell the home for the equity but forget about the reverse mortgage. Just be sure your elder knows all the facts about a reverse mortgage.
Don’t forget that when that house eventually sells that money has to be paid back. It’s not a total free ride at all. Some seniors think that they can then sell the home for the equity but forget about the reverse mortgage. Just be sure your elder knows all the facts about a reverse mortgage.