Baby Boomers can use Reverse Mortgages to buy Retirement Homes
Many Baby Boomers have asked about using a Reverse Mortgage to purchase a retirement home, whether it is a better choice than using a conventional loan.
Discussion of how Baby Boomers can utilize home equity for financial benefit.
Many Baby Boomers have asked about using a Reverse Mortgage to purchase a retirement home, whether it is a better choice than using a conventional loan.
Most Baby Boomers owe less on their homes than the current market value. This "equity" can be tapped much like a credit card through a Home Equity Line of Credit (HELOC).
Most Baby Boomers, myself included, are relying on home equity as a critical part of our retirement funds. But how valid is that assumption?
I'm a Baby Boomer who is thinking of using my home equity to clear up expenses for a rental renovation and other debt. Ideally, I'd like to accomplish this without incurring major…
The other day, someone asked, “Should I homestead my home? Does that gain me anything?” Good question. To tell the truth, I wasn’t up on this subject myself, but…