WSJ: Standby Reverse Mortgage ‘Less Appealing’ After October 2
Jamie Patrick Hopkins
Taking out a reverse mortgage line of credit for a rainy day may have gotten less attractive after the introduction of new principal limit factors and mortgage insurance premiums, according to a recent story in the Wall Street Journal.
“We anticipate more consumers waiting to get [a reverse mortgage] until they actually need it,” LendingTree chief sales officer Sam Mischner told the paper.
Spanko, Alex, "WSJ: Standby Reverse Mortgage ‘Less Appealing’ After October 2" (2017). In the News. 2486.