9 Alternatives To A Reverse Mortgage

Published Jan 24 2020 at 3:00 PM GMT
  • MoneyTipsA reverse mortgage allows you to convert the equity in your home to cash that you can use for other purposes.
  • Essentially, you're selling your home back to a lender in increments.
  • It's a popular method for seniors to supplement living expenses.
  • Repayments don't begin until the owner permanently moves out of the home, passes away, or transfers ownership " as long as the home is maintained and property-related bills (taxes and insurance) are paid.
  • However, reverse mortgages have downsides, including.



  • Published Jan 24, 2020 3:00 PM GMT