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As you enter retirement, you may find that a limited income and personal savings are not enough to cover all living expenses. Whether you’d like supplemental income to help pay for medical bills, home repairs, or a dream vacation, a home equity conversion mortgage (HECM) could be the financial tool you’re searching for.
As the years progress, many seniors find that performing the same activities they could once do with ease becomes increasingly difficult—whether that’s taking a long walk, listening to music, or reading the morning news.
If you feel like you could use additional cash-flow during retirement, a reverse mortgage might be able to help. Also known as a home equity conversion mortgage.