Applying for a loan is notoriously full of massive amounts of paperwork. And it’s not just any paperwork, either. You’re providing the lender with your most sensitive personal information, including your social security number, bank account information, and tax documents.
If you’re a senior who is 62 years or older, have you heard about how a reverse mortgage might be able to help you during retirement? A reverse mortgage can convert your home’s current equity into cash.
Reverse mortgages sometimes get a bad rap, but they can be a very useful tool in your retirement and investment arsenal. They can supplement your income and assets and prevent you from depleting your other investments.