In the News

Document Type

Article

Publication Date

Spring 2016

Abstract

As touted in one TV as after another by celebrities such as Henry Winkler and Robert Wagner, reverse mortgages sound like the answer to a cash-strapped retiree's prayer: They let you tap into the equity on your home to help pay for your living expenses. But what these pitchmen fail to mention is that reverse mortgages have significant drawbacks.

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