Considering a Reverse Mortgage?

I wrote this article for the Bergen County magazine “Autumn Years” concerning a topic that has gotten more attention lately. Autumn Years is a quarterly regional magazine whose mission is to inspire and inform members of the sixty-plus generation.

The topic is the Reverse Mortgage.  If you’re 62 or older – and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses – you may consider a reverse mortgage.

It allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. But take your time: a reverse mortgage can be complicated and might not be right for you.

In this article, I discuss what you need to know when considering this complicated product.  Click on the link below to read this page article from the magazine’s website:

Autumn Year’s Magazine – “Considering a Reverse Mortgage – What you need to know”.

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The foregoing content reflects the opinions of Crimmins Wealth Management and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

About Maureen Crimmins

Maureen Crimmins is co-founder of Crimmins Wealth Management and a fee-only independent financial advisor. Have a financial question? ASK MAUREEN

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