The decision to move to an over 55 community should be an exciting time; however, before the decision is made, important questions should be asked and specific information should be reviewed. Buying a second home/vacation home, whether it’s an investment property, a vacation spot or a place to spend the golden years, should be something to look forward to. It can be enjoyable if you are informed going into the process.
Important information and facts to consider before you decide will be discussed:
- Reverse mortgages as a financing alternative
- Advantages to downsizing to an over 55 community
- How to search for an over 55 community
- Property criteria for a second home
- Financing a second home
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