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Email Jan & Wally
Jan Bigelow: 928.300.1699
Wally Reule: 928.301.5943
In the past most people have considered a reverse mortgage only when refinancing, but many of our clients are now using one to purchase a new home. If they have assets, but not a lot of income, this can be a good way to buy more of a home than they would qualify for with a traditional mortgage, and reduce monthly outlay at the same time. Below are some advantages and disadvantages of a reverse mortgage.
Advantages of a reverse mortgage:
Disadvantages of a Reverse Mortgage