Seniors Spend Most of Their Money on Housing Costs

A recent analysis by the Urban Institute finds that seniors are spending most of their income on their home.  These housing costs consist of mortgage payments, property taxes, homeowners insurance, utilities, maintenance and repairs.  For low-income seniors, the amount spent on housing costs is greater than what is spent on health care and food.  Read the entire report here.

A reverse mortgage has long been used to help seniors age in place and obtain financial relief free of mortgage payments.

For more information on reverse mortgages and other related topics contact:

Rick R. Rodriguez
Certified Reverse Mortgage Professional, CRMP
NMLS# 473353
Toll Free (877) 500-0454
Local (702) 460-6222