Is a Reverse Mortgage Right for You? Pros, Cons, and Alternatives
Why Some Retirees Choose It
Many seniors choose reverse mortgages for these key benefits:
- No monthly payments required
- Access to home equity without selling
- Funds can be used for any purpose
- Tax-free cash payouts
- Remain in your home
It can offer critical breathing room for those facing rising medical costs or wanting to supplement Social Security.