Reverse Mortgage: What You Need to Know
October 24, 2022
A mortgage loan that matters
A reverse mortgage is a special type of home loan that enables homeowners 62 and older to convert some of their home equity into tax-free cash, without having to take out a second mortgage or sell their home — allowing people to enjoy benefits such as funds to help pay for healthcare expenses, home improvements and repairs, as well as to help with other loved ones’ needs, funds to enjoy their favorite hobbies, no monthly mortgage payments, and supplementing their retirement income.
Senior Advisor and Managing Broker at Cherry Creek Mortgage Brandon Hansen offers more insight into how reverse mortgages work and what benefits they offer.
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