Reverse Mortgages are perfect for you if you are in your ripe years and need some cash flowing. They are loans you take based on the value of your house or property. This could be a one-time loan or an evenly distributed monthly cash flow. You do not have to return it right away. It’s repaid when you move away or when you die and the property is sold. Although they sound very interesting, reverse mortgages are not for everyone.
