Reverse Mortgages for Seniors: What You Need to Know

As seniors approach retirement, financial stability becomes a top priority. For those who own their homes, a reverse mortgage can be a tool to unlock equity and provide additional cash flow. But how does it work, and is it the right choice for you?

What Is a Reverse Mortgage?

A reverse mortgage allows homeowners aged 62 and older to convert part of their home equity into cash without selling their home. Unlike a traditional mortgage, where you make monthly payments to the lender, with a reverse mortgage, the lender pays you. The loan is repaid when you sell the home, move out permanently, or pass away.

Key Benefits
Supplement Retirement Income:

The funds can help cover living…

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Looking For That 1st Investment Property?

Located at 1516 Spence Ave SE Albuquerque, NM 87106 | 2 Bedrooms | 1 Bathroom | 806 sqft.

Fixer-Upper Opportunity with Possible Owner Financing! Owner willing to work with buyer on terms. Make an offer and let's make a deal! Looking for a long-term investment in a thriving area? This property, located just south of UNM, could be your next project. The neighborhood has seen significant development in recent years, including major businesses like Chick-fil-A, Starbucks, Subway, Dion's, and Chili's, all within half a mile. According to the owner, the property features a newer roof (installed within the last five years) and an updated sewer line. It's being sold as-is, where-is, with no repairs provided.…

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30 Monte Vista

30 MONTE VISTA Drive NE, Rio Rancho, NM 87124

List Price: $489,900

Square Feet: 3,227

Bedrooms: 5 with Loft

Baths: 3.5

Welcome to 30 Monte Vista in the desirable Loma Colorado neighborhood of Rio Rancho! This spacious 2-story home offers 5 bedrooms, 4 bathrooms, and a versatile loft space. With a bedroom conveniently located on the downstairs level, this home is perfect for multi-generational living or guests. The open layout features bright living areas, a open kitchen, and plenty of storage throughout. Enjoy the beautiful surroundings of Loma Colorado, with easy access to parks, schools, and shopping. Don't miss the chance to make this stunning home yours!

Call Megan Gallegos to get the first look! 505-401-8108

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