How can a reverse mortgage help if I lost money in the stock market?


A reverse mortgage can provide money when you need it, but do your homework before applying for a reverse mortgage. If your income from retirement funds, savings and Social Security benefits don’t cover your expenses, or you’d like the financial freedom to enjoy your retirement years a bit more, you can use the equity in your home to apply for a reverse mortgage. A lot of people have lost money in the stock market due to the dynamic problems that we face in our economy. Reverse mortgages could help free up some equity and money that an individual has tied up in their home in a time of need, such as losing money in the stock market or in another type of investment.


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