Retired? You might want to consider reverse mortgage
If you are retired, aged 62 and above, and need to supplement your income during your retirement years, you could be a prime candidate for a reverse mortgage.
To finally revamp your home, take that dream holiday, or to simply just have more fluid access to cash, a reverse mortgage could be the perfect solution for you.
How reverse mortgage works
Don't worry – it's simpler than it sounds. A reverse mortgage will let you access a percentage of the overall value of your home in the form of a loan. You might be happy to hear that this money is not taxed - ever - and runs completely independently from your social security and medical benefits.
This means that it can never influence either of those two. As if that's not good enough, one of the conditions of the loan is that you ha...