Taking an early reverse mortgage could be beneficial
Jamie Patrick Hopkins, Shelley Giordano
Funding Longevity Task Force at The American College
Many retirees wait longer to take a reverse mortgage, but rising interest rates could make younger retirees reconsider, according to a recent Wall Street Journal report.
Interest rates tend to go up with inflation, and having a reverse mortgage credit line now could be a good investment, the Journal reported.
Sobrevinas, Anna, "Taking an early reverse mortgage could be beneficial" (2017). In the News. 2050.