A reverse mortgage can be a smart financial move for some retirees—but not everyone. It all depends on your goals, assets, and needs.
If you plan to stay in your home long-term and need supplemental income, a reverse mortgage may be worth considering. It provides cash without monthly payments and allows you to use your equity while still living in the home.
However, if you plan to move, have heirs who want the property, or already have a better funding option, it might not be the best fit.
The best way to decide? Speak with a financial advisor and a HUD-approved counselor.
👇 Explore whether a reverse mortgage fits your retirement goals 👇