As we enter the New Year, planning is on the minds of most people, especially those that are retired or considering retirement. A popular decision that often yields a big payoff is the downsizing your home for retirement. There comes a point where the large home may no longer make sense given all the unneeded space, rising real estate taxes, and general costs. There are two effective ways to downsize a home.The first is the traditional binary approach. This entails selling your current larger home and taking the net proceeds and plowing them into a smaller home that is ...
January 6th, 2017 | Retirement Planning, Reverse Mortgage, HECM for Purchase, Seniors, Age in Place, downsizing, Leverage in Downsizing