Not exact matches
Reverse mortgages do not require monthly payments and do not become due until the last borrower no longer occupies the home
as their
primary residence or fails to meet the loan obligations.5 Retirees may be able to
improve their monthly cash flow and live a more comfortable lifestyle, by using a reverse mortgage to pay off their home or simply access their home equity to supplement their retirement income.
Reverse mortgages do not require monthly payments and do not become due until the last borrower no longer occupies the home
as their
primary residence or fails to meet the loan obligations.5 Retirees may be able to
improve their monthly cash flow and live a more comfortable lifestyle, by using a reverse mortgage to pay off their home or simply access their home equity to supplement their retirement income.