For many homeowners over the age of 62, money usually only goes out and rarely comes in. There are miscellaneous expenses that must be paid, such as food to consume and property taxes; and there are other expenses, such as traveling to see your grandchildren and paying off medical expenses.
However, there is an excellent financial product that allows money to come in, which is a reverse mortgage. A reverse mortgage allows seniors over the age of 62 to tap into their home equity without having to go through the tedious process of moving from or selling the home. ..Read More>>