Reverse Mortgages: 3 Ways You Can Tap Home Equity to Enhance Your Retirement
Filed under: Retirement, Real Estate
By Gerri Detweiler
You may have heard of reverse mortgages as a way for seniors to tap the equity in their homes to pay for living expenses, but there are other ways that homeowners are using their homes to get by.
Many seniors are on fixed incomes, with Social Security payments providing a significant portion of their monthly income. In fact, Social Security provided at least half of total income for more than half of aged couples and nearly three-quarters of non-married beneficiaries in…
Reverse Mortgages: 3 Ways You Can Tap Home Equity to Enhance Your Retirement originally appeared on DailyFinance.com on 2012-11-03T06:00:00Z.
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