Dec 31 2024 8 mins
In this episode of Life for Today, Plan for Tomorrow, Gabe Bodner dives into an important topic for homeowners considering a reverse mortgage: the difference between a full borrower and a non-borrowing spouse. Gabe breaks down how reverse mortgages work for both spouses, the possible financial implications, and what you need to know to make informed decisions.
If you're considering a reverse mortgage or have questions about how it affects both spouses, this episode is a must-listen! Tune in to learn how to plan for the future while protecting both partners' interests.
🔑 Key Topics Covered:
-What defines a full borrower vs. a non-borrowing spouse
-How each status impacts eligibility and loan terms
-Key considerations for securing both spouses' future financial well-being
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