There are many older-adult homeowners who would like to downsize, upsize, or right-size into their dream home — or a new home that simply better meets their lifestyle in retirement. The Home Equity Conversion Mortgage for Purchase (H4P) can make their dreams come true.
With hundreds of options nationwide, it can be tough to narrow down the right community for you or your loved one. Luckily, we’ve laid out a complete guide to help you pick your perfect retirement community.
If you ask people what they think about reverse mortgages, you are sure to get some strong opinions. Unfortunately, many people form those opinions based on misconceptions about the way reverse mortgages work.