Lots of retirees have discovered that all of their careful planning for a carefree retirement wasn't enough. Reverse Mortgage might be a solution for you. Depending on your equity, you'd never have a required payment again, you could also get an initial lump sum payment, after 1 year get either monthly payments, a line of credit which never goes away and never needs to be paid back (think money for your kids or grandkids, or long-term care for you), or a combination of all of these. Remember, just like a regular mortgage, you must stay current on your property taxes, home owner's insurance, and property upkeep. Give me a call if you're interested.
