Two New Provisions Make Reverse Mortgages More Desirable
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Q. My husband, Bob, and I have lived in Northern Virginia for nearly fifty years and we have no plans of moving. We are original owners of our home and our mortgage has been paid off for nearly two decades now. Our children all live within a mile of our home, so we are hoping to stay put for as long as possible. With the price of homes in our area right now, we currently have
$800,000 in equity in our home!
Our need for money to retire comfortably and the fact that our children are all in a good financial situation is driving us to learn more about reverse mortgages as a way to age in place comfortably. I heard that there are some new provisions that make reverse mortgages a better option than it had been in the past. Can you tell me more about this? Thanks so
much!
Critter Corner: Wise Tips for Retirement from a 98-Year-Old
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I am thinking about retirement. I would love tips from someone who has “been there” for a while. Do you have any wisdom you can share from the people that you meet? I’d also like some practical tips when it comes to planning.
Order Books by Evan Farr, 4-Time Best-Selling Author
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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