Reverse mortgages, often misunderstood, can be a helpful option for homeowners 55 and older. They allow you to access up to 55% of the equity in your home, based on your age, home type, and its appraised value. One common myth is that the bank takes ownership, which is not true. You always retain the title and ownership of your home. Another concern is owing more than the home is worth. Thankfully, lenders guarantee that, as long as obligations are met, you’ll never owe more than the fair market value at the time of repayment. Contact me to find out more.