Its understandable that some people are jumping at the opportunity to cash out some equity in their homes but remember it’s nothing more than going deeply into debt. So, think this decision through carefully before you entertain a reverse mortgage, comparing its costs to that of a simple personal budget. That’s right a simple personal budget may be all you need to live a comfortable retirement in your own home.

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Filed under: 10 Budgeting Questions • Loans and Investments

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