Seniors who are short on cash and own their homes might want to consider a reverse mortgage

A reverse mortgage allows seniors to withdraw equity from their homes helping them to supplement their social security, pay for unexpected medical bills, make home improvements and live a comfortable retirement. Reverse mortgages are a great option for seniors aged 62 and older who are equity rich, but cash poor. If you own your house and have equity in your or a very low mortgage balance, a HECM Reverse Mortgage is probably right for you!