NEHM Blog

What are the Benefits of Reverse Mortgages?

October 21, 2017
Author: New England Home Mortgage

Reverse Mortgages are an attractive option for Seniors over the age of 62, who are looking for ways to supplement their retirement income.  While there are no requirements for monthly mortgage payments, borrowers are required to pay the taxes and insurance on the home.  In the past, Reverse-Mortgages were a last resort for cash-strapped individuals, but nowadays this type of loan is considered as a good option for many.

Find out More About How a Reverse Mortgage May Work for You  

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