In the News

Title

CNBC Tackles Reverse Mortgages in Post-October 2 World

Document Type

Article

Publication Date

11-7-2017

Abstract

CNBC became the latest mass media outlet to tackle the reverse mortgage landscape in the wake of major program changes rolled out last month, warning that the new principal limits and insurance premiums could “put a crimp” in some traditional strategies.

In general, the financial news network still comes down on the side of using Home Equity Conversion Mortgages in retirement, providing a quick recap of some of the major uses that financial planners have advocated even before the advent of the changes.