What Is a Reverse Mortgage — And Why It Can Be a Lifeline for Seniors on Fixed Income
For many homeowners entering retirement, one monthly expense creates the most stress: the mortgage payment. When income becomes fixed, savings become tighter, and expenses keep rising, carrying a traditional mortgage into retirement can affect cash flow, health decisions, lifestyle, and long-term security. This is where a Reverse Mortgage (specifically, a Home Equity Conversion Mortgage or […]