If you are trying to decide between attaining a reverse mortgage, downsizing to a less expensive home, or selling your home but are unsure of which direction to go, I discovered a publication by The Center for Retirement Research (CRR) at Boston College.
The CRR is recognized by the New York Times as “… the nation’s leading center on retirement studies,” their research covers any issue affecting individuals’ income in retirement.
The publication uses infographics that are easy on the eyes. In simple terms, it brings up your options and items you should consider in making your decision whether to stay or sell.
“Your house is likely your largest store of wealth. If you need more income, it’s the logical place to look”
Big financial decisions around your home and finances can be overwhelming. They often have a strong emotional charge to them. This publication breaks it down and may be helpful. Some of the figures are dated, but the booklet has some solid considerations to look at.
Download or read the PDF Click Here.
If you have reverse mortgage questions, call me (949) 267-3409! It’s my pleasure to be helpful.
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