Retiring With A Reverse Mortgage

A reverse mortgage is becoming more widely accepted as a retirement planning tool.  Recently, the mainstream media has been publishing more news articles in relation to reverse mortgages being a viable option for retirement.  For many senior homeowners, their home is their greatest asset in which a reverse mortgage can help them utilize that asset.  The online resource, Investopedia, just published an article titled "Steps To Retiring With A Reverse Mortgage".  It offers advice and tips on how to retire with a reverse mortgage.  Read the entire article by clicking here.

CFPB Updates Their Reverse Mortgage Guide

The Consumer Financial Protection Bureau (CFPB) updated their reverse mortgage guide on September 24th.  It highlights the new limits to lump sum payouts, first-year payouts, and HUD's new protections for non-borrowing spouses.  Read and download the entire guide by clicking here.