Hi all,
I’ll be retiring in a couple of months. We have a house of our own. Our 2 kids are married and well settled. Me and wife want to have a peaceful life without any tensions post retirement. But we don’t want to depend on our kids for any source of income. My colleague suggested that I go for reverse mortgage with our present home. Since I don’t know much about this, can you all please help me out? Is this a good idea? Like I said, will I be tension free?? Please help. Thank you.
I’ll be retiring in a couple of months. We have a house of our own. Our 2 kids are married and well settled. Me and wife want to have a peaceful life without any tensions post retirement. But we don’t want to depend on our kids for any source of income. My colleague suggested that I go for reverse mortgage with our present home. Since I don’t know much about this, can you all please help me out? Is this a good idea? Like I said, will I be tension free?? Please help. Thank you.