Reverse Mortgage as Financial Planning Tool
Financial planners have viewed taking out a reverse mortgage as an act of desperation for people who are down to their last asset. Now they have found a way to help retirees retain home equity and some financial assets. The key for lenders is to give reverse mortgages early to people with other assets rather than late to people with none.
Financial Planning Tool
According to the Journal of Financial Planning, retirees may use a reverse mortgage as a way to increase retirement… More
