A new report shows that the reverse mortgage remains a confusing product, but that it has gone mainstream nonetheless and …
reverse mortgage
7 Ways to Stretch Your Nest Egg
If you thought it was hard to grow a nest egg, try living off one in retirement. Here are seven ways to make what you have last the rest of your life.
Reverse Mortgages More Popular With Younger Homeowners
Once widely seen as money of last resort, reverse mortgages are fast entering the mainstream of retirement income. Boomers are turning to reverse mortgages earlier to pay off debt or improve their lifestyle, according to a report …
Mortgage Giants Wells Fargo and Bank of America Opt Out of Reverse Mortgage Business
At the height of the real estate market, I recall driving past a Bay Area billboard for an apparently conservative financial advisory firm that read something like: “Your home is not a retirement plan.” At the time, the …
On Reverse Mortgages and Home Projects That Just Don’t Pay Off
As far as anyone can foresee, it’ll continue to be a bad market for home sellers for some time to come, leading many homeowners to consider reverse mortgages or remodeling projects rather than selling at a lowball price. But both have their share of pitfalls.
