For seniors who need income in retirement a reverse mortgage might seem like a no-brainer. After all, you worked hard for your home, why not draw on the equity you built up? A reverse mortgage might serve you well, but there are a number of critical issues you need to consider before you can make the right decision. Consulting with a GreenPath housing expert can help you understand the cost involved and the benefits.

We’ll explain how it works, including payout options, homeowner costs, tax implications, and other benefits and drawbacks. Once you complete our mortgage counseling session, you’ll receive a certificate that lenders require as part of the loan application. Call GreenPath today for a free session.

Free

Updated within the last 3 months.