In the News

Title

What seniors should know about reverse mortgages

Document Type

Article

Publication Date

7-9-2017

Abstract

Forget downsizing or migrating to warmer weather, an overwhelming number (83 percent) of pre retirees and retirees today say they want to remain in their homes for as long as possible, according to a new survey from The American College of Financial Services.

For seniors on a fixed income, a reverse mortgage can be a new source of retirement income and allow you to remain in your home for as long as you live.