Thursday, January 17, 2008

Why Get a Reverse Mortgage?

The income received through a Reverse Mortgage can be used for a variety of purposes (just like a regular refinance), and you are not restricted in how to use the funds.

Examples of potential uses for funds received through a Reverse Mortgage include:

  • Supplement Retirement Income
  • Cover Medical Expenses
  • Make home repairs and Improvements
  • Pay Property Taxes
  • Pay for in-home care or health needs
  • Invest in CD's, annuities, long-term care insurance
  • And more...

Reverse Mortgage Man

http://www.moneywise123.com/

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