Is there more to know about a reverse mortgage? You bet. Here are some of the questions every borrower should raise.
A recent study found many have retired without saving enough. Too late to save now, but a reverse mortgage can help supplement retirement income.
Reverse Mortgage: Why “Mortgage Professor” Jack Guttentag Says Seniors Should Act ASAP to Protect Themselves from Retirement Poverty
A reverse mortgage can help seniors with their housing costs. Housing costs make up the majority of seniors’ expenses.
Reverse mortgage rules are changing ,but will they help or hinder non-borrowing spouses? The old rules for Home Equity Conversion Mortgages (HECMs), which are backed by the government and make up the vast majority of reverse mortgage, were clearly a problem. HECMs (pronounced “heck ‘ums”) are available to those... Read more
Retirement should be a time to relax and enjoy yourself. Since you’re out of work, you have so much more time to do the things you didn’t have time for up until this time in your life. The problem though, is some people end up having the worst financial... Read more