People often think of personal loans as way to consolidate debt or pay for major home repairs. (mybanktracker.com)
This means if your home costs $ 300,000, then you should put aside about $ 250 a month for major home repairs. (rismedia.com)
Due to these details, fixed rate reverse mortgages are usually best for borrowers who plan to use their reverse mortgage funds all at once, such as to pay off an existing mortgage or other debt, or to make major home repairs or modifications. (americanadvisorsgroup.com)