Housing and Mortgages for Seniors
Purpose of this guide: This guide will help seniors of all ages to understand some of the options open to them and precautions that they should take when it comes to owning a home, downsizing, paying a mortgage, taking out a reverse mortgage, and selling property.
After evaluating this guide, readers will have a better understanding of:
- Common financial mistakes that seniors make
- The benefits of downsizing
- Approaches to paying for a mortgage in retirement
- The various types of mortgages available to seniors
- What a reverse mortgage is and how to use it
- How seniors can protect themselves from predatory real estate professionals and scams
