Some people will recommend a reverse mortgage, but I wouldn't. If you qualify, I would get a 30 year, fixed rate mortgage and deposit the money into a money market mutual fund, or a low risk, short term bond fund. Then, I would use the money in the fund to make the monthly payments and to travel. When you run out of money, you can either refinance or sell the house. Do the math. Note that, if you get a mortgage, the interest payments may not be tax deductible because it is not considered an acquisition loan. Good luck.
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