More and more senior men are taking steps to insure their wife’s ongoing economic well being by acquiring an FHA insured Reverse mortgage. They do the math and see how much better their wife will be able to carry on without the burden of a mortgage payment.
The combination of life insurance, retirement funds, and social security benefits, without a mortgage payment to pay, can be enough insure a stable, comfortable life for those left behind.
If you’re 62 and have owned your home since 2001, you will probably qualify to look out for your spouse by taking advantage of this thoughtful forward planning tool.
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