A Mortgage That Pays You

Family Circle Magazine

When nationally recognized expert on personal finance, Terry Savage’s 80-year old father retired, he wanted to stay in his home. The mortgage was almost paid off, but he didn’t have much in savings and had plenty of other bills. It was a reverse mortgage that allowed him to convert his home equity into tax-free cash he could live off of.

“There are situations when a reverse mortgage is a blessing, and this was one.” – Terry Savage

Many have parents who were in the same situation Terry’s father found himself in. Or maybe you are in a similar situation yourself. Learn more about whether a reverse mortgage is right for your parents in this Family Circle Magazine article.

Read the full article here

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