John Ruybalid, Reverse Mortgage Expert

reverse mortgages, when used appropriately, are a powerful tool for improving the lives of homeowners, 62 or older. being able to tap into home equity without creating a mortgage payment is what makes reverse mortgages different than regular mortgages or home equity lines of credit. sometimes replacing an existing mortgage with a reverse mortgage can mean the difference in being able to retire now or having to continue working. eliminating the regular mortgage payment can dramatically improve the cash-flow of homeowners. financial planners are beginning to use reverse mortgages more as part of retirement strategies. it can make funds available so that retirees can avoid penalties for withdrawing too much from their 401ks. another use for reverse mortgages is to pay for in-home care. this allows families to take care of their loved one at home, rather than putting them in a nursing home. i am always happy to educate people about the reverse mortgage program. there is no cost or obligati