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Some Perspectives on Reverse Mortgages
It’s commonly known that many folks rely heavily on Social Security benefits to get by in their retirement years. After all, the average monthly payment of $1543 doesn’t go a long way toward cover food, housing, medical costs, etc. so other income sources are the key to improving comfort. That’s where the lure of “reverse Mortgages” comes in and, while it sounds like a clear solution, it may not be for some. It’s important to carefully research the way this financing instrument works in practice before taking that step, something that MarketWatch columnist Paul Brandus stresses in a post on their website. Check it out here…