In the News

Title

Retirement Researcher Develops Reverse Mortgage Calculator

Document Type

Article

Publication Date

3-29-2016

Abstract

One avid retirement researcher has recently developed a new calculator that allows prospective reverse mortgage borrowers to find out the principal limit available to them through a Home Equity Conversion Mortgage (HECM).

The HECM calculator is the latest effort from Wade Pfau, professor of retirement income at The American College, who has produced a series of articles, webinars and research on using reverse mortgages and retirement income planning in recent weeks.