Contributing Forbes Editors, Casey Bond and Rachel Witkowski, recently provided some solid advice about selling a home that has a reverse mortgage.
A reverse mortgage can allow you to “age in place” at your home during retirement by turning your existing home equity into a source of income. While that may be your plan for now, things can change down the road. For example, it may turn out that you want to sell after all, leaving you wondering if you can sell the house with a reverse mortgage.
Selling a home that has a reverse mortgage can be tricky, and isn’t quite the same as selling one with a traditional mortgage (or no mortgage at all). However, it can be done if you understand the process.
Before you make a decision, click here to read about 6 tips when selling a house with a reverse mortgage.