New Reverse Mortgage Laws Should Positively Benefit Retirement Planning, Experts Say
Jamie Patrick Hopkins
The American College New York Life Center for Retirement Income
In recent years, a lot of older Americans have looked to a reverse mortgage as one of their retirement tools. For those who are age 62 or older, this type of mortgage allows them to borrow against the existing equity in their home and not have to repay the principal balance or interest assessed until after their passing.
Lazar, Michael, "New Reverse Mortgage Laws Should Positively Benefit Retirement Planning, Experts Say" (2016). In the News. 938.