The Pros and Cons of Reverse Mortgages for Seniors

The cost of in home care and living expenses for seniors can be difficult for some families to manage. A popular option seniors have to pay for care is to use a reverse mortgage, or Home Equity Conversion Mortgage (HECM), to increase their cash flow using the equity of their home. A reverse mortgage for seniors can allow them to pay for the services they need, but it is a big financial decision that families members should help their older loved ones make together.
Read more »