New Math on Reverse Mortgages

The Wall Street Journal

A decade ago, most financial advisers would roll their eyes at the mention of reverse mortgages, loans that give homeowners an advance on their home equity and allow them to delay repayment until the home is sold. Such products, these advisers used to say, weren’t for their clients, but rather for those who didn’t prepare financially for retirement.

The reverse mortgage has won some new respect.

Read the full article here

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