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Released: June 26, 2011
Reverse mortgages here to stay
Source: Ron Lieber, New York Times
Reverse mortgages will help millions of people stay in their homes and pay for a variety of retirement expenses in the coming decades. Big banks want nothing to do with reverse mortgages. In one of the stranger developments on the personal finance landscape in recent years, both of these statements turn out to be true. But you’d certainly be forgiven for looking at the headlines from the first half of 2011 and wondering whether reverse mortgages have a future.Read Full Article: Reverse mortgages here to stay
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