Reverse Mortgages Help Seniors Keep Their Home Or Purchase A New Home

  Reverse Mortgages Help Seniors Keep Their Home Or Purchase A New Home For many seniors, home equity is roughly 30-40 percent of their net worth. They are house poor often times and don't have the available funds to make repairs. If you and your spouse are both at least 62 years of age and have significant equity in your home, a reverse mortgage can turn that equity into tax-free cash without