Children of Retirees

Could Your Parents Use More Cash in Retirement?

Homeowners 62 and older may be eligible for a Reverse Mortgage Loan. The following are just some of the features and benefits that can be a financial game-changer for retirees. Let’s not forget, these could also be a financial game-changer for children who currently are shouldering their parents’ living expenses.
Eliminate monthly mortgage payments (borrower must still pay taxes, insurance, and maintain the home)
Increase cash flow from multiple points
Help cover increases to cost of living
Remain the full owner(s) of the property
Stay in or sell the home as they see fit
Get more enjoyment out of retirement