In an evolving real estate market, many clients are turning to reverse mortgages to secure new properties for downsizing. Reverse mortgages provide financial flexibility, allowing clients to buy a new home before selling their current one. Some keep the old home as a backup, while others move out and renovate it for a higher sale price. With traditional mortgages and secured lines of credit becoming harder to qualify for, homeowners are leveraging reverse mortgages, which have no income requirements, to position themselves advantageously.
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