4 Reasons Why A Reverse Mortgage Makes Sense For Retirement


The accrued equity in your home can help fund your retirement. The four reasons why a reverse mortgage make sense for retirement are:

  1. No Credit Requirements
    A reverse mortgage is not based upon your credit rating. However, your credit history will be checked for state and federal tax liens.
  2. No Income Requirements
    Whether you work or not will not matter or be considered when applying for the loans. The new financial assessment includes a review of residual income.
  3. Based On Equity
    A reverse mortgage is a unique loan because it’s based upon your home’s equity and not your income or credit.
  4. Repay After You Die
    The loan is paid off after your death following the sale of your home. Any remaining funds are distributed to your heirs as per your will.

Read more details on the NuWire Investor blog >

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