Reverse Mortgages Can Give Seniors Added Income
Experts say American homeowners over the age of 62 are holding more than $4 trillion in untapped home equity that they could be using to help pay their expenses.
M&I Bank Indianapolis reverse mortgage specialist Brenda Wheeler says many senior citizens don’t know about reverse mortgages. She says reverse mortgages allow senior homeowners to convert part of the equity in their homes into tax-free income without having to sell their homes, give up their home titles or take on new monthly mortgage payments.
Post from: Reverse Mortgage Loan Blog
