Advantages of a Reverse Mortgage

Among all types of home equity loans, getting a reverse mortgage comes with certain advantages over other types. A reverse mortgage allows you to to obtain financial flexibility so that you can fully enjoy your retirement years.

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A Reverse Mortgage can help you:  

• Supplement your income

• Establish a rainy day fund

• Repay a home equity loan

• Improve your credit score

• Pay off high-interest rate credit cards

• Make or pay off a major purchase

• Cover costs for in-home care

• Home improvements

• Home modifications

• Pay for healthcare

• Buy a home

• Travel