Would a reverse mortgage make sense for you? It depends. Essentially, a reverse mortgage is a way to use the equity in your home for living expenses today and tomorrow, without making payments on the money you barrow. That’s because the money isn’t due until you die, move, or sell the home.

Done properly, it can be an outstanding way to help fund your retirement.

AARP offers an excellent overview of reverse mortgages, including eligibility and a calculator to help you determine how much money you might receive.

Senior BofI offers reverse mortgages. You can get more information and contact us about them at our Reverse Mortgage page.

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