Could You Finance Your Retirement With a Reverse Mortgage?
Jamie Patrick Hopkins
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.
Mears, Teresa, "Could You Finance Your Retirement With a Reverse Mortgage?" (2014). In the News. 37.