An increasingly popular way for some retires to partially fund their retirement is by turning to a “reverse mortgage.” Under a reverse mortgage, a bank will pay a homeowner either a lump sum of money, or a fixed amount every month, or make a fixed line of credit available. In exchange, the borrower pledges their home as exclusive collateral for all of the payments that they receive over the life of the mortgage. There are unique features that could make reverse mortgages a significant part of your retirement income. As long as you are current in paying...

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