Before You Get a Reverse Mortgage, Check Out These 15 Alternatives
A reverse mortgage may be tempting. But consider these cheaper, safer options first.
Taking out a reverse mortgage – also known as a Home Equity Conversion Mortgage or HECM – can be a great low-risk way for seniors age 62 and over to access valuable equity in their homes without a threat of foreclosure. Debt.com helps seniors who need an extra source of income to understand how reverse mortgages work and how you can use them effectively.