A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. The…
What is a Reverse Mortgage?
Reverse Mortgages That Work
By Pat Mertz Esswein For homeowners whose wealth is tied up in their home, one versatile solution is a reverse mortgage, explains Pat Mertz Esswein. It lets you…
Reverse Mortgages: Are They Right For Your Clients?
Should investors buy reverse mortgages from an adviser or the Fonz? Wade Pfau and Jamie Hopkins of the American College of Financial Services offer some ideas about reverse…
Cash-Strapped Seniors: Weigh Pros and Cons of Reverse Mortgages
By Andrew Osterland Although reverse mortgages have traditionally been seen as a last resort for retirees who’ve exhausted their other assets, they are a very flexible product that…
How to Handle the Cost of Aging Parents: Is a Reverse Mortgage Right for You?
With people living longer than ever, financial fitness is as important as physical health. TODAY financial editor Jean Chatzky explains strategies for handling expenses for your parents later…
Can a Reverse Mortgage Stabilize a Wobbly Retirement-Income Stool?
By Janet Kidd Stewart Financial planners, who once disparaged reverse mortgages, are beginning to recommend them for clients as a proactive retirement income strategy, rather than a last-ditch…
Using Reverse Mortgages in a Responsible Retirement Income Plan
By Wade Pfau, Professor, The American College of Financial Services Two benefits give opening a reverse mortgage earlier in retirement the potential to improve retirement outcomes, even after…
Why Reverse Mortgages Are Worth a Look
By Pete Woodring, Financial Advisor Until recently, the subject of reverse mortgages rarely ever came up in my consultations with clients. I’ve since reconsidered my bias against reverse mortgages…