• Question
  • we get 770 00 per month How do we survive Would a reverse morgage help We owe nothing on our

    Asked by a 71 year old woman from Noble, OK on 6/28/2012

    we get $770.00 per month. How do we survive ? Would a reverse morgage help. We owe nothing on our house.

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  • Categories: Retirement Planning, Out of Money, Reverse Mortgages

Answers

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  • Congratulations on having paid of your mortgage. That is a big accomplishment!

    It certainly appears that a Reverse Mortgage may be able to help you. You can confirm your eligibility and estimate your Reverse Mortgage loan amount by using the Reverse Mortgage Calculator here:

    https://www.newretirement.com/Services/Reverse_Mortgage_Calculator.aspx

  • Login to rate this answer:   Answered on 6/29/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.