A good summary of 9 ways to use a reverse mortgage was published by Mary Beth Franklin – in Investment News June 2016. Investment News is a leading reference source for Financial Planners. Titled “9 surprising ways to use a reverse mortgage” is an excellent summary of how a reverse mortgage can compliment a solid financial plan.
- Pay off an existing mortgage
- Replace a home equity line of credit
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- Protect your portfolio
- Fund future long-term care or income needs
- Create a Social Security bridge following basic tips
- Manage Taxes
- Pay Roth conversion taxes
- Buy a new home
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