5 Reverse Mortgage Pros And Cons

Author: External Author | | Categories: Reverse Mortgage

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If you’re a homeowner at or near retirement age, you’ve probably seen plenty of TV commercials or heard ads on the radio about reverse mortgages. These loans can sound pretty appealing, especially if most of your net worth is tied up in your home. But there are some definite downsides, too.

If you’ve been considering this type of loan, first make sure to weigh all the pros and cons of a reverse mortgage first.

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Original Article Source Credits:   Forbes ,https://www.forbes.com/ 

Article Written By:  Casey Bond and Mike Cetera

Original Article Posted on:  Mar 26, 2021

Link to Original Article:  https://www.forbes.com/advisor/mortgages/reverse-mortgage-pros-cons/