Seniors have the option of using a reverse mortgage on their home to help with living expenses. The equity they have built in their home can be used to make life a little easier for them. But is it the best move?
There are many factors to consider before taking out a reverse mortgage. This article explains the process and the pros and cons, as well as the implications on the heirs who inherit the house.
https://rismedia.com/2016/05/23/reverse-mortgage-what-is-it-and-how-it-works/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews
FasterHouse loves to work with seniors who are considering their home options. If you would like to talk with a buyer about selling your home in a fast and easy way, contact FasterHouse at 314-926-0660 or fill out this form. Our knowledgeable buyers will share with you the details of what your home is worth so you have all of the options to evaluate. We look forward to talking with you!
