If you’re one of the many homeowners wishing to “age in place” – remaining in the comfort of your beloved home as you grow older – ensuring that your house is safe, accessible, and comfortable becomes a priority. One financial tool that can help achieve this goal is a reverse mortgage, which can be particularly useful for making necessary home repairs, modifications, and even upgrades!
Funds from a reverse mortgage can be used however you wish, so you can put them to work to cover a wide range of projects, including smaller accessibility modifications like installing ramps, widening doorways, and adding grab bars in bathrooms to make your home safer and more accessible. The funds can also cover larger maintenance and repair jobs for typically high-cost areas like your roof, plumbing, or electrical system to prevent small problems from becoming major issues down the road.
Watch now to hear Steve’s first-hand experience with using a reverse mortgage from Longbridge to help fund home repairs.
