Patti and Al worked hard to pay off their home. But after putting four children through college, they have very little in savings. A reverse mortgage was just what they needed to supplement their other retirement income and allow them to travel to see their grandchildren. With guaranteed monthly payments for the rest of their lives, they have the income they need to retire while still retaining the security of knowing they will always have the right to live in their home.
*Consult your tax advisor regarding deductibility of interest