U.S. homeowners aged 62+ saw their home equity soar to a record $10 trillion in 2021, making it prudent for homeowners and their advisors to discuss ways to incorporate housing wealth into retirement planning decisions.
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While home equity is certainly good, it isn’t necessarily the best form of wealth for everyone. The way reverse mortgage loans turn home equity into cash offers additional advantages that you may not be aware of. Read on to learn the top five!
Reverse mortgage loans apply to many legal scenarios, but for lawyers involved in silver divorces, the reverse mortgage could be just the tool you need for your clients’ success.
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Reverse mortgage loans can be powerful tools for people in a variety of situations. But are they right for you? See the reverse mortgage pros and cons.
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If you ask people what they think about reverse mortgages, you are sure to get some strong opinions. Unfortunately, many people form those opinions based on misconceptions about the way reverse mortgages work.
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