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\n <\/div>\n \n What's Your Home Worth Now?<\/h3>\n
If you are considering selling your home to retire or downsize, find out what your property might be worth. Enter a few details about your house and we’ll provide you with a preliminary estimate of home value in less than two minutes. It can be a helpful starting point as you plan your next move.<\/p>\n \n
Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial or tax advice. HomeLight encourages you to reach out to an advisor.<\/em><\/p>\n A reverse mortgage<\/a> is a loan available to seniors and retiring homeowners that allows them to convert part of the equity<\/a> in their home into cash. Unlike a traditional mortgage, which requires monthly payments to the lender, with a reverse mortgage, the lender pays you.<\/p>\n You can receive a one-time lump sum, a set monthly amount, or a line of credit that you can use to pay off other debt, living expenses, medical bills, or to make a major purchase such as an RV or European vacation.<\/p>\n","protected":false},"excerpt":{"rendered":" This post answers the question: Is reverse mortgage interest tax deductible? We sift through the IRS rules to keep it simple and provide helpful insights.<\/p>\n","protected":false},"author":298,"featured_media":45919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[343,322],"tags":[],"class_list":["post-45918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finances","category-logistics"],"acf":[],"yoast_head":"\nWhat is a reverse mortgage?<\/h2>\n