
Reverse Mortgage Line Of Credit – 5 Things You Need To Know
A reverse mortgage line of credit used in the right way can be a valuable financial planning tool.
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A reverse mortgage line of credit used in the right way can be a valuable financial planning tool.

Are you under the impression that you will easily be able to make all financial decisions for your spouse should he/she become incapacitated?

Non-borrowing spouse can remain in the property after the borrowing spouse has passed away, assuming they meet the requirements

As of April 27, 2015, the rules for obtaining a reverse mortgages require the applicant to pass a three-part qualification: credit history analysis, residual income test, review of extenuating circumstances, or compensating factors.

A reverse mortgage is a great idea for seniors who might be facing a financial shortfall in retirement.

When you can’t rely on retirement savings alone, a reverse mortgage can help bridge the gap between near-poverty and comfort.