376 | The Four Backstops to the Four Percent Rule | Sean Mullaney
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Reverse Mortgages
Reverse mortgages are a financing arrangement where you're taking cash out of the home, but staying in the home. As opposed to getting cash to acquire the home, you're essentially giving some of th equity to the bank. It's not at all necessary when you own the home and you want to keep living in it. If you'r like, hay, i want a down size, or i'm going to move, or anything like that, then you don't need to worry about a reverse mortgage. But essentially, it's great in situations where your financial assets are not doing what they need o be doing,. And you want to stay in the home... So it's just
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