For many, a reverse mortgage is a critical element behind a successful retirement.
Despite vigorous effort over many years, it often happens there is not enough money. It might be more than enough for some, provided they don’t live too many years. For others, it may be a self-imposed pressure to not spend too much money every year, not realizing they do have enough.
Regardless of anyone’s perceived need, exploring the value of a reverse mortgage often leads to increased peace of mind, something not to be ignored. Life circumstances too often change, and not always for the better. Having access to a personal and guaranteed line of credit, even if you don’t use it, leads to additional peace of mind as the years roll by.
From personal experience, I can say without reservation that putting a reverse mortgage in our financial life was a critical step to assuring our continued peace of mind.
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