Is it possible to live a longer, healthier life? It’s a question that people have pondered over the years. The good news is that people today are living longer. In the U.S., the average life span is 79 years. About 100 years ago, Americans lived to an average of only 54 years.
Should you get a reverse mortgage? That really all depends on your age, homeownership status and a few other factors. For many seniors, reverse mortgages offer more benefits than drawbacks. Ask yourself, “is a reverse mortgage right for me?” Take a look at the pros and cons of a reverse mortgage to determine if it’s the right choice for you or for your parents.