Michael Banner - Reverse Mortgage Financial Planning #4344


Manage episode 233927754 series 1401217
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
Many people are emotionally tied into their homes. As they get older, their earnings potential declines but they want to maintain their quality of life. That's where a reverse mortgage can help. Rather than doing the rational thing - selling their home while investing the proceeds, a reverse mortgage allows them to eliminate their mortgage payments while still living in their home and thus cut their monthly living costs. It's a good idea to go over this scenario with a financial advisor or accountant to see if it makes sense for you.

1752 episodes available. A new episode about every 16 hours averaging 38 mins duration .