Heritage Creek (Naperville, IL)
By William Piotrowski
(Diamond Residential Mortgage Corporation )
 How to Reduce Your Housing Costs in RetirementTry these strategies to slash your home expenses after you retire.From downsizing to living with others, here's how you can slash one of your biggest monthly bills in retirement.Housing is likely to be your biggest retirement expense. But there are a variety of ways to pay less for housing in retirement. Here’s what you can do to bring down your housing costs after you retire.Pay off your mortgage. Paying off your house eliminates one of your biggest monthly bills. Insurance, taxes and maintenance costs are likely to be only a small fraction of the amount you were paying for your mortgage. For example, homeowners ages 65 and older in Jacksonville, Florida, pay a median of $1,271 in monthly housing costs if they have a mortgage but just $433...
Comments 2
Naperville, IL Real Estate Professionals