U.S. News Recommends Reverse Mortgages In Retirement Strategies

March 26, 2019

A recent article in U.S. News and World Report centered on strengthening retirement has suggested reverse mortgages as one of the options for seniors seeking financial security in retirement.


“You could take out a home equity loan or reverse mortgage, or sell the home to unlock the equity and buy a less expensive and more suitable residence with the proceeds or rent,” writes U.S. News contributor Craig Stephens, according to the report.


"Taking advantage of tax savings on retirement accounts is also recommended as quickly as possible, as is attempting to go into retirement without any debt obligations such as a mortgage payment."


Stephens' report also suggested that downsizing your home can cut a lot of the maintenance costs associated with larger homes, ultimately putting more money in your pocket and eliminating large expenses such as higher taxes.


To learn more about the U.S. News and World Report's suggestions on strengthening retirement, click on the image above


Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Facebook Icon
  • Grey Twitter Icon

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.