In the News

Title

Forbes: Benefits of Using Reverse Mortgages for Home Purchases

Document Type

Article

Publication Date

3-22-2016

Abstract

Reverse mortgages have many different uses that can accommodate a variety of personal needs, but one particular usage is often overlooked by the general public, and that is using a reverse mortgage to purchase a new home.

In a recent Forbes article, Wade Pfau, professor of retirement income at The American College and frequent reverse mortgage commentator, discusses the practical use of a Home Equity Conversion Mortgage for Purchase and its implications for retirement planning.