Reverse Myth - There are restrictions on how I can use my funds - The borrower(s) of a Reverse Mortgage can do what they want with the funds. Mostly these are conservative uses such as consolidating debt or supplementing income. Some additional uses have included purchasing a rental property, purchasing a vacation home, making investments, helping family, buying a boat, buying a car, travelling, remodeling, in home assisted living, etc...
Helping Senior homeowners to stay at home and maintain a good quality of life
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