There are many misconceptions about reverse mortgages that sometimes lead people away from considering one. Here are the top 10 reasons to get a reverse mortgage that that we hope bring clarity and assist you in making the most informed decision.
TOP 10 Reasons to get a HECM
- Long term healthcare
- Cash out from equity
- Debt consolidation
- Helping family with bills
- Home improvement projects
- Lower interest rate
- Eliminate mortgage to aid with retirement
- Purchase additional property
- Leverage LOC interest rate for income
- Alternative to denial from traditional bank to access equity