Reverse Annuity Mortgage
Ever thought of Reverse Annuity Mortgage as your retirement plan? Growing old is inevitable, and it comes with retirement. When young, our main goal is to lead a good and peaceful life even at our old age.
There are different retirement plans that people apply, and one of them is the reverse mortgage plan which is our primary discussion here.
Though people also prefer other plans like traditional pensions, defined contribution plans, solo 401[k] plan, and IRA plans, among the many. Below are details of Reverse Annuity Mortgages: what a R.A.M. is, types of R.A.M., pros, and cons of types of R.A.M.
