In the News

Title

Could You Finance Your Retirement With a Reverse Mortgage?

Document Type

Article

Publication Date

6-20-2014

Abstract

The TV pitchmen make it sound like the easiest thing: Use your home equity to finance your retirement through a reverse mortgage, and stay in your home without ever making a payment.

What they forget to mention is a reverse mortgage is not nearly that simple. While it is a great way for some older people to remain in their homes, it isn’t a good fit for all. Plus, even when it’s a good option, it’s expensive.