Reverse mortgages are not the only option for accessing home equity. Alternatives include downsizing, taking a home equity loan, or refinancing an existing mortgage. Each option carries unique benefits and limitations.

Industry observers note that seniors increasingly compare these choices due to rising interest rates and diverse retirement income needs (Mortgage Cadence, 2024). Choosing the right strategy ensures long-term financial stability.

Secure Lending Inc. helps you compare alternatives and select the option that best meets your lifestyle, goals, and legacy objectives.

References: Mortgage Cadence. (2024, October 15). The return of reverse mortgage lending. Retrieved from https://www.mortgagecadence.com/blog/the-return-of-reverse-mortgage-lending/