In the News

Title

9 surprising ways to use a reverse mortgage

Document Type

Article

Publication Date

6-10-2016

Abstract

Reverse mortgages allow homeowners age 62 or older who own their home outright or who have a small mortgage balance to convert the equity in their primary residence into a liquid, tax-free asset. Borrowers can take their money in a lump sum or as a monthly payment, or set up a line of credit.