Buying a home is a lifetime investment. For those lucky enough to not have been effected substantially by the 2007-2009 recession, a home can provide enough equity later in life to help sustain the rising costs of living and unexpected medical expenses. The amount of mortgage debt effecting seniors and baby boomers, however, could mean a serious erosion to the “nest egg” they have taken care of for years in hopes of having a life raft to fall on in their later years.In an article published in Reverse Mortgage Daily yesterday, this is exactly the problem most seniors have to contend with in their Golden Years. According to a 2013 report by the Joint Center for Housing Studies of Harvard University’s State of the Nation’s Housing which found that between 1989 and 2010 the amount of mortgage debt for homeowners ages 60-69 had nearly doubled from 31% to 60%.This stark future is one of the reasons to consider a reverse mortgage as an option in the present or near future. If you are 62 years of age or older, live in your primary residence and have enough equity in your home, a reverse mortgage could mean the difference between peace of mind in retirement or constant stress to pay off a mortgage.In a previous blog post, I outlined the various options available to those seeking a reverse mortgage, most importantly, the lump sum option where you are able to take out the full reverse mortgage amount to pay off your remaining mortgage and save the rest for a rainy day. This alternative, instead of continuing to pay off a mortgage debt that will continue to rise despite your efforts, allows you to finish paying off your house and gives you the financial freedom to enjoy retirement.You invested in your home, shouldn’t your investment continue to benefit YOU during retirement?At PS Financial Services, we work with you to find the best option that works for you, depending on you situation. Our service is personalized and one-on-one, making sure you understand what’s available to you during your retirement. As a non-recourse loan, you never owe more than the value of your home and the lender can never come after your heirs or estate for any losses.If you think a reverse mortgage is the right option for you, give us a call at (888) 845-6630 or email us at