Here’s what you need to know about reverse mortgages - Reverse Mortgage

With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes, according to an article written by writer Andrew Osterland.

“This is still a great opportunity to consider a reverse mortgage,” said Wade Pfau, PhD, a principal and advisor with Tysons, Virginia-based McLean Asset Management. “There’s been a big increase in housing prices, and interest rates are still low historically speaking.”

Osterland adds that reverse mortgages have developed a strong following in the financial planning profession, with advisors like Pfau recommending them as a potentially useful option in retirement distribution management. Read the full article.